Community Revitalization and Development Corporation

Analysis

Community Revitalization and Development Corporation is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Revitalization and Development Corporation reported income of $6.1m and spending of $1.2m, leaving 81% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $12.5m to $6.1m (-52%), an average of -22% a year. The sharpest change came in the year to June 2023, when income rose by 288%. Over the whole period it spent 18% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Revitalization and Development Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Revitz House Corporation ($6.0m), Wisconsin Balance of State Continuum of Care Inc ($6.1m) and Housing Partnership Development Corporation ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $262k (23% of expenses). Other salaries and wages came to $50k. At year end it held assets of $23.0m against liabilities of $6.1m, net assets of $16.9m. It reported 4 employees.