Community Resource Center Inc

Analysis

Community Resource Center Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 1981, 45 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Community Resource Center Inc reported income of $3.5m and spending of $3.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.5m (+114%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Resource Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Dakota Business Lending ($3.5m), Sheet Metal Workers Local 88 Joint Apprenticeship & Training Fund ($3.5m) and Temps to the Rescue Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $432k against liabilities of $760k, net assets of -$327k. It reported 46 employees.