Western Reserve Revitalization & Management Co

Analysis

Western Reserve Revitalization & Management Co is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in April 2003, 23 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 (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, Western Reserve Revitalization & Management Co reported income of $9.7m and spending of $9.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.6m to $9.7m (-34%), an average of -9.9% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 59% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Western Reserve Revitalization & Management Co sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OH. Charities of a similar size with the same main cause include Community Housing Improvement Systems and Planning Assn Inc ($9.7m), Association for Retarded Citizens Housing Development Services Inc ($9.7m) and Village Enterprises ($9.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 78% of the total. At year end it held assets of $73.9m against liabilities of $16.9m, net assets of $57.0m.