Corner Health Center

Analysis

Corner Health Center is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in November 1980, 46 years ago. 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 September 2023, Corner Health Center reported income of $2.7m and spending of $3.3m, spending 119% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.0m to $2.7m (+36%), an average of +8.0% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Corner Health Center sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Child Care Resources of Rockland Inc ($2.7m), Santa Fe Boys & Girls Club Inc ($2.7m) and Sun Valley Center for the Arts Inc ($2.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 65% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $150k (4.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.5m against liabilities of $223k, net assets of $3.3m. It reported 46 employees.