Resurrection Project

Analysis

Resurrection Project is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1988, 38 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, Resurrection Project reported income of $31.4m and spending of $31.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.5m to $31.4m (+116%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 143%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Resurrection Project sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Crossroads Housing Development Corporation ($31.4m), Breaking Ground Housing Development Fund Corporation ($31.6m) and Humangood Nevada ($31.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $831k (2.7% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $47.9m against liabilities of $34.6m, net assets of $13.3m. It reported 203 employees.