Community Reinvestment Foundation XII Inc

Analysis

Community Reinvestment Foundation XII Inc is a registered charity in United States, based in Plainfield, IN. It received its IRS tax-exemption ruling in November 2023, 3 years ago. 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 March 2024, Community Reinvestment Foundation XII Inc reported income of $267k and spending of $304k, spending 114% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $206k to $267k (+30%), an average of +6.7% a year. The sharpest change came in the year to March 2024, when income rose by 15%. Over the whole period it spent 127% 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 XII Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within IN. Charities of a similar size with the same main cause include Young Entrepreneurs Organization ($267k), Warren County Resque Squad ($267k) and Station L Rowing Club ($267k).

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 $53k. At year end it held assets of $1.8m against liabilities of $25k, net assets of $1.8m.

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.