Chestnut Neighborhood Revitalization Corporation

Analysis

Chestnut Neighborhood Revitalization Corporation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 1999, 27 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 2023, Chestnut Neighborhood Revitalization Corporation reported income of $483k and spending of $172k, leaving 64% of income unspent that year. The sharpest change came in the year to December 2023, when income rose by 15803%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chestnut Neighborhood Revitalization Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Rome Rescue Mission ($483k), Victor Sanchez Jr HDFC ($483k) and Carty Heights ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.9m against liabilities of $2.8m, net assets of -$990k.