Corpus Christi Finance Corporation

Analysis

Corpus Christi Finance Corporation is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Corpus Christi Finance Corporation reported income of $105k and spending of $203k, spending 194% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $303k to $105k (-65%), an average of -23% a year. The sharpest change came in the year to September 2020, when income dropped by 41%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Corpus Christi Finance Corporation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 41st percentile within TX. Charities of a similar size with the same main cause include Poux Apartments Inc ($105k), Co-Nexus Inc ($105k) and Mesa to Mesa ($105k).

Other salaries and wages came to $130k. At year end it held assets of $6.6m against liabilities of $40k, net assets of $6.6m.

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.