Corrigan Neighborhood Association

Analysis

Corrigan Neighborhood Association is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in March 1985, 41 years ago. 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, Corrigan Neighborhood Association reported income of $314k and spending of $276k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $296k to $314k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corrigan Neighborhood Association sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within NE. Charities of a similar size with the same main cause include Sparks Piranhas Swim Team Inc ($314k), U S a Film Festival ($314k) and Sons of Union Veterans of the Civil War ($314k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $429k against liabilities of $806k, net assets of -$377k.