Is Corinth Housing Corporation Legit? —…

Strengths

Consistent 0% officer compensation, indicating high efficiency and direct program investment.
Steady revenue growth from $190,900 in 2014 to $261,990 in 2023.
Significant reduction in liabilities from $239,640 in 2014 to $89,011 in 2023, improving financial solvency.
Consistent surplus of revenue over expenses, demonstrating sound financial management.
Long history of IRS 990 filings (13 filings), indicating transparency and compliance.

Spending Breakdown

How Corinth Housing Corporation allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Corinth Housing Corporation

Is Corinth Housing Corporation a legitimate charity?

Based on AI analysis of IRS 990 filings, Corinth Housing Corporation (EIN: 10332353) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is Corinth Housing Corporation a good charity to donate to?

Corinth Housing Corporation has a Mission Score of 95/100. Revenue: $284K. Assets: $591K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Corinth Housing Corporation?

The Employer Identification Number (EIN) for Corinth Housing Corporation is 10332353. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Corinth Housing Corporation spend its money?

Corinth Housing Corporation allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Corinth Housing Corporation's tax-exempt status?

You can verify Corinth Housing Corporation's tax-exempt status using EIN 10332353 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Corinth Housing Corporation demonstrates consistent financial stability and a strong commitment to its program services. Over the past decade, the organization has shown steady growth in revenue, from $190,900 in 2014 to $261,990 in 2023, indicating a sustainable operational model. Expenses have also increased proportionally, suggesting active program delivery. The organization consistently reports 0% officer compensation, which is a significant indicator of efficient resource allocation directly to its mission rather than executive salaries. This practice enhances its financial health and public trust.

The organization's asset base has grown from $531,976 in 2014 to $567,113 in 2023, while liabilities have decreased substantially from $239,640 to $89,011 over the same period. This reduction in liabilities, coupled with asset growth, points to improving financial solvency and a reduced reliance on debt. The consistent surplus of revenue over expenses, such as $24,677 in 2023 ($261,990 revenue vs. $237,313 expenses), allows for reinvestment in programs and further strengthens its balance sheet. The absence of officer compensation also contributes to a very high program spending ratio, indicating excellent spending efficiency.

While specific breakdowns of program, administrative, and fundraising expenses are not provided in the summary data, the 0% officer compensation strongly suggests that a very high proportion of expenses are directed towards program services. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency. Overall, Corinth Housing Corporation appears to be a well-managed and financially sound organization, effectively utilizing its resources to achieve its housing mission.

Is Corinth Housing Corporation Legit?

Verdict: Corinth Housing Corporation appears trustworthy