Core Community Resources Inc

Analysis

Core Community Resources Inc is a registered charity in United States, based in Bayfield, WI. It received its IRS tax-exemption ruling in April 2007, 19 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, Core Community Resources Inc reported income of $650k and spending of $571k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $650k (+198%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 212%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Core Community Resources Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within WI. Charities of a similar size with the same main cause include Childrens Tree House ($650k), Economic Opportunity Foundation Inc ($650k) and Central Valley Foster Care Inc ($650k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $107k (19% of expenses). Other salaries and wages came to $220k. At year end it held assets of $1.6m against liabilities of $253k, net assets of $1.3m. It reported 15 employees.