Community Rejuvenation Project Inc

Analysis

Community Rejuvenation Project Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Community Rejuvenation Project Inc reported income of $355k and spending of $325k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $264k to $355k (+35%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Rejuvenation Project Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include New Jersey Capital Philharmonic Orchestra Inc ($355k), Nars Foundation Inc ($355k) and Quad Cities Community Broadcasting Group Inc ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $70k (22% of expenses). At year end it held assets of $157k against liabilities of $47k, net assets of $110k. It reported 1 employees.