Community Renaissance Alliance Inc

Analysis

Community Renaissance Alliance Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Renaissance Alliance Inc reported income of $883k and spending of $1.0m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $765k to $883k (+15%), an average of +3.6% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Renaissance Alliance Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include North Park Apartments Housing Corporation ($881k), Habitat for Humanity International Inc ($883k) and Prairieland Council Inc NFP ($881k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $163k. At year end it held assets of $4.9m against liabilities of $6.9m, net assets of -$2.0m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.