Community Reinvestment Foundation- XI Inc

Analysis

Community Reinvestment Foundation- XI Inc is a registered charity in United States, based in Plainfield, IN. It received its IRS tax-exemption ruling in September 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 March 2024, Community Reinvestment Foundation- XI Inc reported income of $173k and spending of $242k, spending 140% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income fell from $174k to $173k (-0.5%), an average of -0.1% a year. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Reinvestment Foundation- XI Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within IN. Charities of a similar size with the same main cause include Tully Hill Foundation ($173k), Friends of the Largo Library Inc ($173k) and Soccer Assoc for Youth ($173k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $43k. At year end it held assets of $1.2m against liabilities of $31k, net assets of $1.2m.

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.