At findCRA, we have created CRANIA or the Community Reinvestment Act Nonprofit Identification Algorithm, our proprietary algorithm, which aggregates data from multiple sources to qualify our Nonprofits. We know that banks and CRA examiners rely on trusted government and industry resources to measure CRA performance. That’s why we’ve compiled key data from over 20 sources including the Internal Revenue Service (IRS), the U.S. Census Bureau, the Federal Financial Institutions Examination Council (FFIEC), the Community Development Financial Institutions Fund (CDFI Fund), the Department of Housing and Urban Development (HUD), and more.
Using these sources, we aggregate nearly 1,400 data points and incorporate them into CRANIA. Each Nonprofit must be registered with the IRS and be current with their tax filing requirements. Using CRANIA, we narrow the list of Nonprofits down to the ones that meet CRA qualifications.
From there, our CRA experts further curate the results. We ensure that each Nonprofit’s information is accurate to assist in a bank’s decision process.
Once a Nonprofit has passed all of our due diligence, they’re placed on Community Qualifier for quick searching by our Bank Users. Each CRA-aligned Nonprofit has a custom profile including over 70 key data points from the same trusted sources and our own analysis, highlighting exactly how each is CRA-qualified.