Corus International Inc

Analysis

Corus International Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 2020, 6 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 September 2023, Corus International Inc reported income of $127k and spending of $24.6m, spending 19353% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $9,061 to $127k (+1301%), an average of +141% a year. The sharpest change came in the year to September 2023, when income rose by 269%. Over the whole period it spent 41112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corus International Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include T&b Consultants ($127k), Warriors on Wheels of Metropolitan Detroit ($127k) and Slate Valley Cares Inc ($127k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $3.0m (12% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $8.9m against liabilities of $57.5m, net assets of -$48.5m. It reported 256 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.