Consortium for Ongoing Reinvestment Efforts

Analysis

Consortium for Ongoing Reinvestment Efforts is a registered charity in United States, based in Hamilton, OH. It received its IRS tax-exemption ruling in April 2014, 12 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, Consortium for Ongoing Reinvestment Efforts reported income of $717k and spending of $936k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $717k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Consortium for Ongoing Reinvestment Efforts sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within OH. Charities of a similar size with the same main cause include Philadelphia Student Union ($716k), Goodwill Industries of Lubbock Contract Services Inc ($717k) and Project Fine Inc ($716k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 146% of the total. At year end it held assets of $11.8m against liabilities of $9.9m, net assets of $1.9m.