CRC Housing Corporation

Analysis

CRC Housing Corporation is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in December 2012, 14 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, CRC Housing Corporation reported income of $60k and spending of $87k, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $72k to $60k (-17%), an average of -4.7% a year. The sharpest change came in the year to February 2020, when income dropped by 35%. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, CRC Housing Corporation sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Strawberry Leisure Homes Inc ($60k), West Elmwood Neighbor Works Home Ownership Center Inc ($60k) and Maxcen Housing Society Inc Indiana Branch ($59k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2,451. At year end it held assets of $826k against liabilities of $987k, net assets of -$161k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.