New Braunfels Community Resources Inc

Analysis

New Braunfels Community Resources Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in December 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, New Braunfels Community Resources Inc reported income of $1.5m and spending of $1.5m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $958k to $1.5m (+57%), an average of +12% a year. The sharpest change came in the year to September 2020, when income rose by 59%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Braunfels Community Resources Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Pine View Housing Corporation ($1.5m), Five S T a R Veterans Center Inc ($1.5m) and Community Care Organization ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $69k. At year end it held assets of $355k against liabilities of $19k, net assets of $337k. It reported 4 employees.