Community Reinvestment Fund Inc

Analysis

Community Reinvestment Fund Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Community Reinvestment Fund Inc reported income of $55.5m and spending of $45.5m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.4m to $55.5m (+137%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 127%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Reinvestment Fund Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Applied Research Institute ($55.3m), Gulfstream Goodwill Industries Inc ($55.5m) and Goodwill Industries of the Inland Northwest ($55.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $3.2m (7.0% of expenses). Other salaries and wages came to $13.9m. At year end it held assets of $193.1m against liabilities of $117.8m, net assets of $75.3m. It reported 118 employees.