Corvallis Homeless Shelter Coalition Inc

Analysis

Corvallis Homeless Shelter Coalition Inc is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in March 2008, 18 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 June 2023, Corvallis Homeless Shelter Coalition Inc reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $916k to $1.4m (+53%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 254%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corvallis Homeless Shelter Coalition Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within OR. Charities of a similar size with the same main cause include Family Support Center ($1.4m), Shared Horizons Inc ($1.4m) and Tumbleweed Runaway Program Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $84k (6.5% of expenses). Other salaries and wages came to $425k. At year end it held assets of $6.1m against liabilities of $921k, net assets of $5.1m. It reported 22 employees.