Community Residences Foundation

Analysis

Community Residences Foundation is a registered charity in United States, based in Chantilly, VA. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Residences Foundation reported income of $453k and spending of $667k, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $377k to $453k (+20%), an average of +4.8% a year. The sharpest change came in the year to June 2022, when income rose by 253%. Over the whole period it spent 64% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Residences Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include Ripples of Hope Inc ($453k), Greater Cedarburg Foundation Inc ($454k) and Fond du Lac Festivals Inc ($453k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% of the total. Other salaries and wages came to $162k. At year end it held assets of $5.3m against liabilities of $1.4m, net assets of $3.8m.