Corvilla Inc

Analysis

Corvilla Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in October 1970, 56 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Corvilla Inc reported income of $6.7m and spending of $6.5m, spending 97% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $4.3m to $6.7m (+54%), an average of +9.1% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corvilla Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include The Oasis Institute ($6.7m), Wyoming Stock Growers Land TR ($6.7m) and Second Helpings ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $302k (4.6% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $6.7m against liabilities of $894k, net assets of $5.8m. It reported 201 employees.