The Corps Network

Analysis

The Corps Network is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover employment, 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 September 2023, The Corps Network reported income of $11.7m and spending of $11.3m, spending 96% of its income. Across the 6 years on record, from September 2018 to September 2023, income grew from $7.2m to $11.7m (+63%), an average of +10% a year. The sharpest change came in the year to September 2019, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Corps Network sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 89th percentile within DC. Charities of a similar size with the same main cause include Venture Michigan Fund ($11.7m), Aws Foundation ($11.7m) and Metro North Regional Employment Board ($11.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $364k (3.2% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $6.2m against liabilities of $2.1m, net assets of $4.1m. It reported 34 employees.