Inner-City Revitalization Corporation

Analysis

Inner-City Revitalization Corporation is a registered charity in United States, based in Alexandria, LA. It received its IRS tax-exemption ruling in March 1998, 28 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 December 2022, Inner-City Revitalization Corporation reported income of $243k and spending of $499k, spending 206% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $257k to $243k (-5.7%), an average of -1.9% a year. The sharpest change came in the year to December 2020, when income rose by 477%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Inner-City Revitalization Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within LA. Charities of a similar size with the same main cause include Harambee House Inc ($243k), Selah Place Inc ($243k) and Springfield Eugene Tenant Association ($243k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 23% and program service revenue 78% of the total. Other salaries and wages came to $179k. At year end it held assets of $2.8m against liabilities of $28k, net assets of $2.8m. It reported 3 employees.