Community Revitalization and Reservation Corporation

Analysis

Community Revitalization and Reservation Corporation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 1987, 39 years ago. 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, Community Revitalization and Reservation Corporation reported income of $10.3m and spending of $12.3m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $10.3m (+82%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Revitalization and Reservation Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include The Association for Research in Vision and Ophthalmology ($10.3m), Community Housing Improvement Program Incorporated ($10.3m) and Ballard Food Bank ($10.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $60.3m against liabilities of $54.1m, net assets of $6.2m.