Neighborhood Centers of Corpus Christi Tex

Analysis

Neighborhood Centers of Corpus Christi Tex is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in February 1964, 62 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 December 2023, Neighborhood Centers of Corpus Christi Tex reported income of $1.7m and spending of $1.8m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.7m (+60%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Neighborhood Centers of Corpus Christi Tex sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Meals on Wheels of Sheboygan County Inc ($1.7m), Tudor Place Foundation Inc ($1.7m) and Stepping Stones Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $72k (3.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.7m against liabilities of $518k, net assets of $1.2m. It reported 63 employees.