Cordova Community Center

Analysis

Cordova Community Center is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in September 1986, 40 years ago. 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, Cordova Community Center reported income of $119k and spending of $129k, spending 108% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $128k to $119k (-6.5%), an average of -1.3% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cordova Community Center 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 41st percentile, and in the 41st percentile within TN. Charities of a similar size with the same main cause include Montgomery County Memorial Hospital Foundation ($119k), Fellowship of Christian Cowboys Inc ($119k) and Cape May City Volunteer Fire Dept ($119k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.5% of the total. Compensation of current officers, directors and key employees was $20k (15% of expenses). At year end it held assets of $576k against liabilities of $814, net assets of $575k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.