Corporation for Public Management

Analysis

Corporation for Public Management is a registered charity in United States, based in Enfield, CT. It received its IRS tax-exemption ruling in January 1983, 43 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 June 2023, Corporation for Public Management reported income of $12.3m and spending of $11.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $12.3m (+56%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Corporation for Public Management sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include East Central Kansas Economic Opportunity Corp ($12.3m), Merrick Inc ($12.3m) and Goodwill Industrial Services Corporation ($12.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.6% of the total. Other salaries and wages came to $6.5m. At year end it held assets of $4.1m against liabilities of $4.1m, net assets of -$7,926. It reported 257 employees.