Coraopolis Community Development Corporation Inc

Analysis

Coraopolis Community Development Corporation Inc is a registered charity in United States, based in Coraopolis, PA. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Coraopolis Community Development Corporation Inc reported income of $512k and spending of $532k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $138k to $512k (+272%), an average of +39% a year. The sharpest change came in the year to December 2020, when income rose by 302%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coraopolis Community Development Corporation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Bel Inizio ($512k), Shepherds of Independence Nonprofit ($512k) and Livada Orphan Care Inc ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $150k (28% of expenses). Other salaries and wages came to $2,400. At year end it held assets of $2.7m against liabilities of $714k, net assets of $2.0m. It reported 3 employees.