Corcoran Community Fund

Analysis

Corcoran Community Fund is a registered charity in United States, based in Rogers, MN. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Corcoran Community Fund reported income of $411k and spending of $553k, spending 135% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $305k to $411k (+35%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corcoran Community Fund sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MN. Charities of a similar size with the same main cause include Heart of Grant County ($411k), Stepping Stone ($411k) and Black Phoenix Organizing Collective ($411k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.