Corrim Consortium for Research on Renewable Industrial Materials

Analysis

Corrim Consortium for Research on Renewable Industrial Materials is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Corrim Consortium for Research on Renewable Industrial Materials reported income of $408k and spending of $179k, leaving 56% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $323k to $408k (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Corrim Consortium for Research on Renewable Industrial Materials sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within OR. Charities of a similar size with the same main cause include Annisquam Association Inc ($408k), Decatur Arts Alliance Inc ($408k) and Claremont Lewis Museum of Art ($408k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (22% of expenses). At year end it held assets of $546k against liabilities of $0, net assets of $546k.