Community Investment Corp

Analysis

Community Investment Corp is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1974, 52 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 September 2023, Community Investment Corp reported income of $17.6m and spending of $17.7m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $21.1m to $17.6m (-16%), an average of -4.4% a year. The sharpest change came in the year to September 2021, when income rose by 60%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Investment Corp sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IL. Charities of a similar size with the same main cause include Atlanta Neighborhood Development Partnership Inc ($17.6m), JHL Corporate Services Inc ($17.6m) and Westminster Services Inc ($17.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 9.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $1.8m (10% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $316.5m against liabilities of $270.6m, net assets of $45.9m. It reported 55 employees.