Cor Community Development Corporation

Analysis

Cor Community Development Corporation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in December 2001, 25 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 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 2021, Cor Community Development Corporation reported income of $838k and spending of $895k, spending 107% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $971k to $838k (-14%), an average of -7.1% a year. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cor Community Development Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Delaware River City Corporation ($838k), Meigs County Community Improvement Corporation ($838k) and Rio Grande Valley Empowerment Zone Corporation ($838k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 47% and program service revenue 52% of the total. Other salaries and wages came to $196k. At year end it held assets of $846k against liabilities of $0, net assets of $846k. It reported 6 employees.