National Community Reinvestment Coalition Inc

Analysis

National Community Reinvestment Coalition Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1992, 34 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 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, National Community Reinvestment Coalition Inc reported income of $12.4m and spending of $17.0m, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.1m to $12.4m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, National Community Reinvestment Coalition Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 89th percentile within DC. Charities of a similar size with the same main cause include Powerswitch Action ($12.4m), Northern Middle Tennessee Local Workforce Development Board Inc ($12.4m) and Nybdc Local Development Corporation ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $1.8m (11% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $109.1m against liabilities of $105.1m, net assets of $4.0m. It reported 98 employees.