Communmity Resources Real Estate Inc

Analysis

Communmity Resources Real Estate Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in January 2002, 24 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, Communmity Resources Real Estate Inc reported income of $887k and spending of $797k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $887k (-49%), an average of -15% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Communmity Resources Real Estate Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OK. Charities of a similar size with the same main cause include American Friends of Chaiyanu ($887k), British American Foundation of Texas ($887k) and Inevitable Foundation ($887k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.