Community Economics Redevelopment Corporation of Wisconsin

Analysis

Community Economics Redevelopment Corporation of Wisconsin is a registered charity in United States, based in Highland Park, IL. It received its IRS tax-exemption ruling in October 1996, 30 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Economics Redevelopment Corporation of Wisconsin reported income of $98k and spending of $43k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $616k to $98k (-84%), an average of -37% a year. The sharpest change came in the year to December 2021, when income rose by 373%. Over the whole period it spent 58% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Economics Redevelopment Corporation of Wisconsin sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include White County Housing Inc ($98k), CSHD 2 Inc ($98k) and Better Housing Together ($98k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 17% of the total. At year end it held assets of $3.7m against liabilities of $352k, net assets of $3.3m.