Ccres

Analysis

Ccres is a registered charity in United States, based in Exton, PA. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Ccres reported income of $38.3m and spending of $38.7m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.9m to $38.3m (+28%), an average of +6.4% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ccres sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include King University ($38.3m), Shipley School ($38.3m) and Classical Academy ($38.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $32.4m. At year end it held assets of $12.2m against liabilities of $4.5m, net assets of $7.7m. It reported 1,614 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.