Community Resources for Independence Inc

Analysis

Community Resources for Independence Inc is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in March 1992, 34 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community Resources for Independence Inc reported income of $20.1m and spending of $21.8m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.9m to $20.1m (-3.9%), an average of -1.0% a year. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Resources for Independence Inc 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 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include White River Area Agency on Aging Inc ($20.1m), Catalyst Inc ($20.1m) and Valley Health Care Inc ($20.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 90% of the total. Other salaries and wages came to $15.1m. At year end it held assets of $30.5m against liabilities of $2.8m, net assets of $27.8m. It reported 1,087 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.