Corise Illinois

Analysis

Corise Illinois is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Corise Illinois reported income of $483k and spending of $602k, spending 125% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $280k to $483k (+73%), an average of +73% a year. The sharpest change came in the year to June 2023, when income rose by 73%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corise Illinois sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Media Projects for Relationships Inc ($483k), Pinyon Foundation ($483k) and Celtic FC Foundation Inc ($483k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% of the total. Other salaries and wages came to $160k. At year end it held assets of $153k against liabilities of $42k, net assets of $111k. It reported 3 employees.