Corvallis Multicultural Literacy Center

Analysis

Corvallis Multicultural Literacy Center is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Corvallis Multicultural Literacy Center reported income of $328k and spending of $309k, spending 94% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $265k to $328k (+24%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 24%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Corvallis Multicultural Literacy Center sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OR. Charities of a similar size with the same main cause include Archi-Treasures Association ($327k), Northend Rise Inc ($328k) and Working Men of Christ Inc ($327k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $73k (24% of expenses). Other salaries and wages came to $72k. At year end it held assets of $144k against liabilities of $0, net assets of $144k. It reported 5 employees.