Core Community Partners

Analysis

Core Community Partners is a registered charity in United States, based in Bingham Farms, MI. It received its IRS tax-exemption ruling in February 2020, 6 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 (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Core Community Partners reported income of $2.1m and spending of $444k, leaving 79% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $62k to $2.1m (+3228%), an average of +222% a year. The sharpest change came in the year to March 2021, when income rose by 5033%. Over the whole period it spent 15% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Core Community Partners sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($2.1m), Main Street Baptist Church Manor Inc ($2.1m) and Midwest Housing Collaborative Inc ($2.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. At year end it held assets of $5.9m against liabilities of $1.0m, net assets of $4.9m.