At findCRA, we have designed CRANIA, the Community Reinvestment Act Nonprofit Identification Algorithm, our proprietary algorithm that 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 our nonprofit qualification process. 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 are aligned with 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 our website for quick searching by our bank users by using Community Qualifier. Each CRA-qualified 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.