California Community Reinvestment Corporation

Analysis

California Community Reinvestment Corporation is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in May 1989, 37 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 September 2023, California Community Reinvestment Corporation reported income of $17.0m and spending of $13.9m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $20.1m to $17.0m (-16%), an average of -4.1% a year. The sharpest change came in the year to September 2021, when income rose by 142%. Over the whole period it spent 58% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, California Community Reinvestment Corporation 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 Connections for the Homeless Inc ($16.9m), Do Good Multnomah ($17.0m) and Journey Found Inc ($16.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $2.1m (15% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $242.8m against liabilities of $167.3m, net assets of $75.4m. It reported 27 employees.