Corner Community Center Inc

Analysis

Corner Community Center Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Community Center Inc reported income of $154k and spending of $145k, spending 94% of its income. Across the 2 years on record, from December 2019 to December 2023, income fell from $227k to $154k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Corner Community Center Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within MD. Charities of a similar size with the same main cause include Colorado Lions Foundation ($154k), Carbondale Main Street ($154k) and Downtown Farmville ($154k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. At year end it held assets of $164k against liabilities of $3,021, net assets of $161k.