Community Outreach Services Corporation

Analysis

Community Outreach Services Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Community Outreach Services Corporation reported income of $6.9m and spending of $4.5m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $6.9m (+168%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Outreach Services Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Avalon Square Inc ($6.9m), Walker Assisted Living Corp I ($6.9m) and Contemporary Housing Alternatives of Florida Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 94% of the total. Other salaries and wages came to $977k. At year end it held assets of $8.1m against liabilities of $1.4m, net assets of $6.7m.