Cortneys Place

Analysis

Cortneys Place is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in November 2008, 18 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 June 2023, Cortneys Place reported income of $1.3m and spending of $1.2m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $933k to $1.3m (+34%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cortneys Place sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within AZ. Charities of a similar size with the same main cause include Options Incorporated ($1.3m), North Beach Citizens ($1.3m) and Young Mens Christian Association of Shawnee Oklahoma Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $111k (9.5% of expenses). Other salaries and wages came to $554k. At year end it held assets of $1.5m against liabilities of $364k, net assets of $1.1m. It reported 30 employees.