Corry Community Foundation

Analysis

Corry Community Foundation is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in November 2000, 26 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Corry Community Foundation reported income of $894k and spending of $1.1m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $814k to $894k (+9.8%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 187%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Corry Community Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within PA. Charities of a similar size with the same main cause include White Earth Investment Initiative ($893k), Downtown Riverfront Trust ($894k) and Greater Laredo Development Foundation ($893k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% of the total. At year end it held assets of $17.7m against liabilities of $189k, net assets of $17.6m.