Corpsvets Inc

Analysis

Corpsvets Inc is a registered charity in United States, based in Kennesaw, GA. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Corpsvets Inc reported income of $266k and spending of $253k, spending 95% of its income. Across the 6 years on record, from September 2018 to September 2023, income fell from $364k to $266k (-27%), an average of -6.1% a year. The sharpest change came in the year to September 2021, when income rose by 81%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Corpsvets Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within GA. Charities of a similar size with the same main cause include Washington Architectural Foundation ($266k), Newsome Band Boosters Inc ($266k) and Dance Rage Inc ($266k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $23k (9.2% of expenses). At year end it held assets of $15k against liabilities of $0, net assets of $15k.