Corinthian Development Corporation

Analysis

Corinthian Development Corporation is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Corinthian Development Corporation reported income of $95k and spending of $59k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $35k to $95k (+169%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 177%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Corinthian Development Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within KY. Charities of a similar size with the same main cause include Mid Michigan Singh Sabha ($95k), Story Brothers Inc ($95k) and Friendly Benwood Community Christian Youth Camp Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $1.1m against liabilities of $348k, net assets of $707k.