Counseling and Research Associates Inc

Analysis

Counseling and Research Associates Inc is a registered charity in United States, based in Gardena, CA. It received its IRS tax-exemption ruling in September 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Counseling and Research Associates Inc reported income of $19.0m and spending of $19.5m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $19.6m to $19.0m (-2.9%), an average of -0.7% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Counseling and Research Associates Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Christopher House ($19.0m), Arab American and Chaldean Council ($19.1m) and Casa Central Social Services Corporation ($19.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $392k (2.0% of expenses). Other salaries and wages came to $12.0m. At year end it held assets of $7.3m against liabilities of $9.1m, net assets of -$1.8m. It reported 209 employees.

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.