2828 Corbett Inc
2828 Corbett Inc. faces persistent operating deficits despite substantial assets.
EIN: 202021524 · Portland, OR · NTEE: Y99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $159K |
| Total Expenses | $327K |
| Net Assets | $675K |
| Transparency Score | 30/100 |
Is 2828 Corbett Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About 2828 Corbett Inc
2828 Corbett Inc (EIN: 202021524) is a nonprofit organization based in Portland, OR, classified under NTEE code Y99. The organization reported total revenue of $159K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 2828 Corbett Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
2828 Corbett Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $159K |
| Total Expenses | $327K |
| Surplus / Deficit | $-167,561 |
| Total Assets | $3.5M |
| Total Liabilities | $2.8M |
| Net Assets | $675K |
| Operating Margin | -105.4% |
| Debt-to-Asset Ratio | 80.8% |
| Months of Reserves | 129.4 months |
Financial Health Grade: C
In 2023, 2828 Corbett Inc reported a deficit of $168K with expenses exceeding revenue, holds 129.4 months of operating reserves (strong position), has a debt-to-asset ratio of 80.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), 2828 Corbett Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -58.9% | +21.9% | -5.7% |
| 2022 | -16.4% | -53.0% | +24.1% |
| 2021 | +0.0% | +60.4% | -3.9% |
| 2020 | +0.0% | -23.1% | -0.7% |
| 2019 | +0.0% | -22.8% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 2828 Corbett Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, 2828 Corbett Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $168K, with expenses exceeding revenue.
- Debt-to-asset ratio: 80.8%.
Executive Compensation Analysis
No officer compensation has been reported in any of the 13 available filings, which is a strong positive for transparency and suggests resources are not being diverted to executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of 2828 Corbett Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $159,000 revenue vs. $326,561 expenses in 2023).
- NTEE code Y99 ('Unclassifiable') indicates a lack of clear programmatic definition.
- High liabilities relative to assets ($2,845,502 liabilities vs. $3,520,577 assets in 2023).
- Significant decline in revenue from $462,300 in 2021 to $159,000 in 2023.
Strengths
The following positive indicators were identified for 2828 Corbett Inc:
- No reported officer compensation, indicating good executive compensation transparency.
- Maintains substantial assets ($3,520,577 in 2023).
Frequently Asked Questions about 2828 Corbett Inc
Is 2828 Corbett Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, 2828 Corbett Inc (EIN: 202021524) significant concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
How does 2828 Corbett Inc spend its money?
Detailed spending breakdown data is not yet available for 2828 Corbett Inc. Check back for updated IRS 990 analysis.
Are donations to 2828 Corbett Inc tax-deductible?
2828 Corbett Inc is registered as a tax-exempt nonprofit (EIN: 202021524). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does 2828 Corbett Inc compare to similar nonprofits?
With a transparency score of 30/100 (Poor), 2828 Corbett Inc is below average for NTEE category Y99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 2828 Corbett Inc located?
2828 Corbett Inc is headquartered in Portland, Oregon and files with the IRS under EIN 202021524. It is classified under NTEE code Y99.
How many years of IRS 990 filings does 2828 Corbett Inc have?
2828 Corbett Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $159K in total revenue.
Is 2828 Corbett Inc. financially sustainable?
Based on recent filings, 2828 Corbett Inc. is not financially sustainable, with expenses consistently exceeding revenue. For example, in 2023, expenses were $326,561 while revenue was only $159,000.
What is the primary mission or program of 2828 Corbett Inc.?
The NTEE code Y99 ('Unclassifiable') in the IRS filings does not provide specific insight into the organization's primary mission or programs, making it difficult to assess its programmatic focus.
How does 2828 Corbett Inc. manage its liabilities?
The organization carries significant liabilities, such as $2,845,502 in 2023, which are substantial relative to its assets and revenue, indicating a potentially high debt burden.
Filing History
IRS 990 filing history for 2828 Corbett Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 2828 Corbett Inc's revenue has declined by 65.6%, moving from $462K to $159K. Total assets decreased by 9.3% over the same period, from $3.9M to $3.5M. Total functional expenses fell by 29.4%, from $462K to $327K. In its most recent filing year (2023), 2828 Corbett Inc reported a deficit of $168K, with expenses exceeding revenue. The organization holds $2.8M in liabilities against $3.5M in assets (debt-to-asset ratio: 80.8%), resulting in net assets of $675K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $159K | $327K | $3.5M | $2.8M | — | View 990 |
| 2022 | $386K | $268K | $3.7M | $2.9M | — | View 990 |
| 2021 | $462K | $571K | $3.0M | $3.0M | — | — |
| 2020 | $462K | $356K | $3.1M | $3.0M | — | — |
| 2019 | $462K | $463K | $3.2M | $3.2M | — | View 990 |
| 2018 | $462K | $599K | $3.3M | $2.1M | — | View 990 |
| 2017 | $462K | $322K | $3.5M | $2.2M | — | View 990 |
| 2016 | $462K | $464K | $3.4M | $2.3M | — | View 990 |
| 2015 | $462K | $462K | $3.5M | $2.4M | — | View 990 |
| 2014 | $462K | $462K | $3.6M | $2.5M | — | View 990 |
| 2013 | $462K | $463K | $3.7M | $2.6M | — | View 990 |
| 2012 | $462K | $462K | $3.8M | $2.7M | — | View 990 |
| 2011 | $462K | $462K | $3.9M | $2.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $159K, expenses of $327K, and assets of $3.5M (revenue -58.9% year-over-year).
- 2022: Revenue of $386K, expenses of $268K, and assets of $3.7M (revenue -16.4% year-over-year).
- 2021: Revenue of $462K, expenses of $571K, and assets of $3.0M (revenue +0.0% year-over-year).
- 2020: Revenue of $462K, expenses of $356K, and assets of $3.1M (revenue +0.0% year-over-year).
- 2019: Revenue of $462K, expenses of $463K, and assets of $3.2M (revenue +0.0% year-over-year).
- 2018: Revenue of $462K, expenses of $599K, and assets of $3.3M (revenue +0.0% year-over-year).
- 2017: Revenue of $462K, expenses of $322K, and assets of $3.5M (revenue +0.0% year-over-year).
- 2016: Revenue of $462K, expenses of $464K, and assets of $3.4M (revenue +0.0% year-over-year).
- 2015: Revenue of $462K, expenses of $462K, and assets of $3.5M (revenue +0.0% year-over-year).
- 2014: Revenue of $462K, expenses of $462K, and assets of $3.6M (revenue +0.0% year-over-year).
- 2013: Revenue of $462K, expenses of $463K, and assets of $3.7M (revenue +0.0% year-over-year).
- 2012: Revenue of $462K, expenses of $462K, and assets of $3.8M (revenue +0.0% year-over-year).
- 2011: Revenue of $462K, expenses of $462K, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 2828 Corbett Inc:
Data Sources and Methodology
This transparency report for 2828 Corbett Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.