Corpwell Foundation Co

Analysis

Corpwell Foundation Co is a registered charity in United States, based in Cuttingsville, VT. It received its IRS tax-exemption ruling in October 2017, 9 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, Corpwell Foundation Co reported income of $109k and spending of $1,445, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $19k to $109k (+473%), an average of +473% a year. The sharpest change came in the year to December 2023, when income rose by 473%. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corpwell Foundation Co sits at the 35th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 30th percentile within VT. Charities of a similar size with the same main cause include Clark Fork-Hope Food Bank ($109k), River Valley Charities Inc ($109k) and Waupun Area Food Pantry ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $115k against liabilities of $0, net assets of $115k.