Corbin Senior Activity Center

Analysis

Corbin Senior Activity Center is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in February 1970, 56 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 2022, Corbin Senior Activity Center reported income of $836k and spending of $938k, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $322k to $836k (+160%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 222%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Corbin Senior Activity Center sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include Omega Home Inc ($836k), Caringmatters Inc ($836k) and Gateway Allicance Against Human Trafficking ($835k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 71% and program service revenue 22% of the total. Other salaries and wages came to $168k. At year end it held assets of $846k against liabilities of $44k, net assets of $802k. It reported 8 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.