Corbin Senior Citizens Center Inc

Analysis

Corbin Senior Citizens Center Inc is a registered charity in United States, based in Corbin, KY. It received its IRS tax-exemption ruling in March 1979, 47 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 June 2024, Corbin Senior Citizens Center Inc reported income of $261k and spending of $257k, spending 98% of its income. Across the 4 years on record, from June 2021 to June 2024, income grew from $215k to $261k (+21%), an average of +6.6% a year. The sharpest change came in the year to June 2024, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corbin Senior Citizens Center Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within KY. Charities of a similar size with the same main cause include Cambridge at Home Inc ($261k), Leslies Week ($261k) and New Promise Children and Family Services ($261k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 89% of the total. Compensation of current officers, directors and key employees was $53k (21% of expenses). Other salaries and wages came to $125k. At year end it held assets of $139k against liabilities of $3,736, net assets of $135k. It reported 26 employees.