Corner Shower and Laundry Inc

Analysis

Corner Shower and Laundry Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 2018, 8 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 December 2023, Corner Shower and Laundry Inc reported income of $81k and spending of $104k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $149k to $81k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 172%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corner Shower and Laundry Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within MI. Charities of a similar size with the same main cause include Townsend Community Center Inc ($81k), The Opportunity Foundation ($81k) and Sonia and Celina Sotomayor Judicial Internship Program Inc ($81k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $62k. At year end it held assets of $331k against liabilities of $0, net assets of $331k. It reported 2 employees.