Corrections Foundation Inc

Analysis

Corrections Foundation Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 June 2023, Corrections Foundation Inc reported income of $1.6m and spending of $1.1m, leaving 34% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.3m to $1.6m (+26%), an average of +7.9% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 59% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Corrections Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Municipal Police Institute Inc ($1.6m), Wai-Iam Inc ($1.6m) and Raleigh Police Department Foundation Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $179k (17% of expenses). Other salaries and wages came to $35k. At year end it held assets of $3.3m against liabilities of $33k, net assets of $3.3m. It reported 3 employees.