Community Residences Inc

Analysis

Community Residences Inc is a registered charity in United States, based in Chantilly, VA. It received its IRS tax-exemption ruling in February 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Community Residences Inc reported income of $42.0m and spending of $40.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $34.9m to $42.0m (+20%), an average of +4.8% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Residences Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Rha Health Services Inc ($42.0m), Waterman Communities Inc ($42.1m) and Jewish Family and Childrens Service Inc ($42.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $668k (1.6% of expenses). Other salaries and wages came to $23.8m. At year end it held assets of $10.5m against liabilities of $5.9m, net assets of $4.6m. It reported 670 employees.