Community Option Resource Enterprises Inc

Analysis

Community Option Resource Enterprises Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in November 1971, 55 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Community Option Resource Enterprises Inc reported income of $2.8m and spending of $3.0m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $2.8m (-4.8%), an average of -1.2% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Option Resource Enterprises Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within MT. Charities of a similar size with the same main cause include Rocky Mountain Microfinance Institute ($2.8m), Riverworks Development Corporation ($2.8m) and Delmar Divine Charitable Foundation ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $139k (4.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.2m against liabilities of $312k, net assets of $3.9m. It reported 142 employees.