Cornelia House

Analysis

Cornelia House is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 2003, 23 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 December 2023, Cornelia House reported income of $950k and spending of $865k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $830k to $950k (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cornelia House sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Metro Interfaith Housing Management Corporation ($950k), Nhh-Canal Street Apartments Inc ($950k) and Habitat for Humanity International Inc ($950k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $124k. At year end it held assets of $3.5m against liabilities of $3.2m, net assets of $256k.