Community Outreach Corporation

Analysis

Community Outreach Corporation is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in April 1992, 34 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 2022, Community Outreach Corporation reported income of $617k and spending of $660k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $631k to $617k (-2.3%), an average of -0.8% a year. The sharpest change came in the year to December 2020, when income rose by 351%. 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, Community Outreach Corporation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within SD. Charities of a similar size with the same main cause include Changed Lives Christian Center Inc ($617k), Abraham Project Inc ($617k) and Our Village Okeechobee Inc ($617k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 90% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $62k (9.4% of expenses). Other salaries and wages came to $211k. At year end it held assets of $323k against liabilities of $22k, net assets of $301k. It reported 9 employees.