Maxwell M Corpening Jr Memorial Center Inc

Analysis

Maxwell M Corpening Jr Memorial Center Inc is a registered charity in United States, based in Marion, NC. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Maxwell M Corpening Jr Memorial Center Inc reported income of $600k and spending of $390k, leaving 35% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $535k to $600k (+12%), an average of +3.9% a year. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Maxwell M Corpening Jr Memorial Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Cotuit Athletic Association Inc ($600k), Grayslake Galaxy Soccer Club Inc ($600k) and Javanon Soccer Club Inc ($600k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $2,310. At year end it held assets of $6.6m against liabilities of $909k, net assets of $5.7m. It reported 1 employees.