Corinthian Pointe Senior Living Corporation

Analysis

Corinthian Pointe Senior Living Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in February 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 December 2023, Corinthian Pointe Senior Living Corporation reported income of $1.4m and spending of $1.6m, spending 116% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.3m to $1.4m (+6.7%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corinthian Pointe Senior Living Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Civic Center of Moreau Inc ($1.4m), Rumford Group Home Inc ($1.4m) and Precious Life Shelter Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $109k. At year end it held assets of $8.1m against liabilities of $7.0m, net assets of $1.2m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.