Corvallis Caring Place

Analysis

Corvallis Caring Place is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Corvallis Caring Place reported income of $2.6m and spending of $2.4m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.6m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Corvallis Caring Place sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OR. Charities of a similar size with the same main cause include Gulf Coast Partnership Inc ($2.6m), Shalom Towers Inc ($2.6m) and Northtown Housing Development Corporation ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $106k (4.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $5.6m against liabilities of $2.7m, net assets of $2.9m. It reported 67 employees.