Corcoran Neighborhood Organization
EIN: 411535894 · Minneapolis, MN · NTEE: L80
| Metric | Value |
|---|---|
| Total Revenue | $340K |
| Total Expenses | $794K |
| Net Assets | $501K |
Is Corcoran Neighborhood Organization Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Corcoran Neighborhood Organization
Corcoran Neighborhood Organization (EIN: 411535894) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code L80. The organization reported total revenue of $340K and total assets of $503K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corcoran Neighborhood Organization's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corcoran Neighborhood Organization is a small nonprofit that has been operating for 29 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $728K |
| Total Expenses | $794K |
| Surplus / Deficit | $-65,968 |
| Total Assets | $508K |
| Total Liabilities | $7K |
| Net Assets | $501K |
| Operating Margin | -9.1% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 7.7 months |
Financial Health Grade: B
In 2023, Corcoran Neighborhood Organization reported a deficit of $66K with expenses exceeding revenue, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Corcoran Neighborhood Organization's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.8% | -29.2% | -38.9% |
| 2022 | +3.9% | +7.7% | +75.9% |
| 2021 | +116.3% | +105.5% | +65.9% |
| 2020 | +67.9% | +77.1% | +32.4% |
| 2019 | +5.0% | -12.1% | +17.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Corcoran Neighborhood Organization has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Corcoran Neighborhood Organization with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Corcoran Neighborhood Organization
Is Corcoran Neighborhood Organization a legitimate charity?
Corcoran Neighborhood Organization (EIN: 411535894) is a registered tax-exempt nonprofit based in Minnesota. It has 14 years of IRS 990 filings on record. Total revenue: $340K. No red flags identified. Financial health grade: B.
How does Corcoran Neighborhood Organization spend its money?
Corcoran Neighborhood Organization reported $340K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Corcoran Neighborhood Organization tax-deductible?
Corcoran Neighborhood Organization is registered as a tax-exempt nonprofit (EIN: 411535894). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Corcoran Neighborhood Organization located?
Corcoran Neighborhood Organization is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 411535894. It is classified under NTEE code L80.
How many years of IRS 990 filings does Corcoran Neighborhood Organization have?
Corcoran Neighborhood Organization has 14 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 $340K in total revenue.
Filing History
IRS 990 filing history for Corcoran Neighborhood Organization showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Corcoran Neighborhood Organization's revenue has grown by 115.1%, moving from $338K to $728K. Total assets increased by 48.3% over the same period, from $342K to $508K. Total functional expenses rose by 199.6%, from $265K to $794K. In its most recent filing year (2023), Corcoran Neighborhood Organization reported a deficit of $66K, with expenses exceeding revenue. The organization holds $7K in liabilities against $508K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $501K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $728K | $794K | $508K | $7K | — | — |
| 2022 | $1.3M | $1.1M | $831K | $344K | — | View 990 |
| 2021 | $1.2M | $1.0M | $473K | $67K | — | View 990 |
| 2020 | $556K | $506K | $285K | $43K | — | — |
| 2019 | $332K | $286K | $215K | $23K | — | View 990 |
| 2018 | $316K | $325K | $183K | $14K | — | View 990 |
| 2017 | $396K | $387K | $280K | $23K | — | View 990 |
| 2016 | $248K | $339K | $266K | $19K | — | View 990 |
| 2015 | $425K | $315K | $358K | $20K | — | View 990 |
| 2014 | $314K | $334K | $250K | $22K | — | View 990 |
| 2013 | $203K | $183K | $266K | $17K | — | View 990 |
| 2013 | $264K | $288K | $252K | $23K | — | View 990 |
| 2012 | $248K | $319K | $274K | $21K | — | View 990 |
| 2011 | $338K | $265K | $342K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $728K, expenses of $794K, and assets of $508K (revenue -41.8% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.1M, and assets of $831K (revenue +3.9% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.0M, and assets of $473K (revenue +116.3% year-over-year).
- 2020: Revenue of $556K, expenses of $506K, and assets of $285K (revenue +67.9% year-over-year).
- 2019: Revenue of $332K, expenses of $286K, and assets of $215K (revenue +5.0% year-over-year).
- 2018: Revenue of $316K, expenses of $325K, and assets of $183K (revenue -20.2% year-over-year).
- 2017: Revenue of $396K, expenses of $387K, and assets of $280K (revenue +59.3% year-over-year).
- 2016: Revenue of $248K, expenses of $339K, and assets of $266K (revenue -41.5% year-over-year).
- 2015: Revenue of $425K, expenses of $315K, and assets of $358K (revenue +35.3% year-over-year).
- 2014: Revenue of $314K, expenses of $334K, and assets of $250K (revenue +54.6% year-over-year).
- 2013: Revenue of $203K, expenses of $183K, and assets of $266K (revenue -23.1% year-over-year).
- 2013: Revenue of $264K, expenses of $288K, and assets of $252K (revenue +6.4% year-over-year).
- 2012: Revenue of $248K, expenses of $319K, and assets of $274K (revenue -26.6% year-over-year).
- 2011: Revenue of $338K, expenses of $265K, and assets of $342K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corcoran Neighborhood Organization:
Data Sources and Methodology
This transparency report for Corcoran Neighborhood Organization 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.