Corcoran Neighborhood Organization

Analysis

Corcoran Neighborhood Organization is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 1997, 29 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 (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, Corcoran Neighborhood Organization reported income of $728k and spending of $794k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $332k to $728k (+120%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 116%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Corcoran Neighborhood Organization sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Sandy Valley Habitat for Humanity Inc ($727k), Affordable Housing of North Texas Inc ($728k) and Nights Shield ($727k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. Other salaries and wages came to $186k. At year end it held assets of $508k against liabilities of $6,990, net assets of $501k. It reported 3 employees.