Community Redevelopment Loan and Investment Fund Inc

Analysis

Community Redevelopment Loan and Investment Fund Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 1999, 27 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 Redevelopment Loan and Investment Fund Inc reported income of $2.6m and spending of $882k, leaving 66% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $447k to $2.6m (+489%), an average of +56% a year. The sharpest change came in the year to June 2020, when income rose by 149%. Over the whole period it spent 34% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Redevelopment Loan and Investment Fund Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include Northeastern Michigan Rehabilitation and Opportunity Cen ($2.6m), California Association for Microenterprise Opportunity ($2.6m) and Muscatine Center for Social Action ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 30% of the total. At year end it held assets of $35.8m against liabilities of $23.5m, net assets of $12.3m.