Citizens United for Redevelopment and Economic Stability of Chester

Analysis

Citizens United for Redevelopment and Economic Stability of Chester is a registered charity in United States, based in Chester, SC. It received its IRS tax-exemption ruling in June 2018, 8 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 December 2023, Citizens United for Redevelopment and Economic Stability of Chester reported income of $132k and spending of $130k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $94k to $132k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Citizens United for Redevelopment and Economic Stability of Chester sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within SC. Charities of a similar size with the same main cause include Brown Villas Inc ($132k), Barkhamsted Housing Trust ($132k) and Access Housing Inc ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 28% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.