CRN Foundation

Analysis

CRN Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, CRN Foundation reported income of $109k and spending of $87k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $248k to $109k (-56%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, CRN Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 20th percentile within DC. Charities of a similar size with the same main cause include Harry Whiting Brown Community House ($109k), Perry County Economic Development Board Inc ($110k) and Economic Development Alliance of Southern Ohio ($109k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $176k against liabilities of $0, net assets of $176k.