Community Reinvestment Foundation- Xvi Inc

Analysis

Community Reinvestment Foundation- Xvi Inc is a registered charity in United States, based in Plainfield, IN. It received its IRS tax-exemption ruling in April 2024, 2 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 March 2024, Community Reinvestment Foundation- Xvi Inc reported income of $146k and spending of $192k, spending 131% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $138k to $146k (+5.7%), an average of +1.4% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Reinvestment Foundation- Xvi Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within IN. Charities of a similar size with the same main cause include South Fulton Affordable Housing Development Corporation ($146k), Belford Commons Corporation ($146k) and Kleeman Village Housing Corporation NFP ($146k).

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 $34k. At year end it held assets of $1.1m against liabilities of $125k, net assets of $985k.

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.