Core City Neighborhoods

Analysis

Core City Neighborhoods is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in February 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Core City Neighborhoods reported income of $142k and spending of $250k, spending 176% of what it took in. Across the 3 years on record, from December 2018 to December 2023, income grew from $120k to $142k (+19%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 1440%. Over the whole period it spent 259% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Core City Neighborhoods sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within MI. Charities of a similar size with the same main cause include Hope Grounds ($142k), Marthas Table So Inc ($142k) and Columbia Christian Senior Citizens Center ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $44k (18% of expenses). Other salaries and wages came to $20k. At year end it held assets of $525k against liabilities of $0, net assets of $525k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.