Camp Korey

Analysis

Camp Korey is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Camp Korey reported income of $3.4m and spending of $4.7m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $3.4m (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 84% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Camp Korey sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Reconcile New Orleans Inc ($3.4m), Boys and Girls Clubs of Deep East Texas ($3.4m) and Glendale Youth Alliance Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $370k (7.9% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $18.3m against liabilities of $9.2m, net assets of $9.1m. It reported 75 employees.