Community Residence Corporation

Analysis

Community Residence Corporation is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Community Residence Corporation reported income of $2.7m and spending of $2.5m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.3m to $2.7m (+18%), an average of +4.1% a year. The sharpest change came in the year to September 2021, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Residence Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Young Mens Christian Assn of Madison County Inc ($2.7m), Families Matter Inc ($2.7m) and Family Counseling Center of Mobile Inc ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $173k (6.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $532k against liabilities of $311k, net assets of $221k. It reported 61 employees.