Corner Team Inc
EIN: 824223365 · Baltimore, MD
| Metric | Value |
|---|---|
| Total Revenue | $265K |
| Total Expenses | $198K |
| Net Assets | $107K |
Is Corner Team Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Corner Team Inc
Corner Team Inc (EIN: 824223365) is a nonprofit organization based in Baltimore, MD. The organization reported total revenue of $265K and total assets of $142K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corner Team Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corner Team Inc is a small nonprofit that has been operating for 7 years, with 2 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 52.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $202K |
| Total Expenses | $198K |
| Surplus / Deficit | +$3K |
| Total Assets | $108K |
| Total Liabilities | $550 |
| Net Assets | $107K |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 6.5 months |
Financial Health Grade: A
In 2023, Corner Team Inc reported a surplus of $3K with revenue exceeding expenses, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 2 years of filings (2019–2023), Corner Team Inc's revenue has grown at a compound annual growth rate (CAGR) of 52.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +445.4% | — | +6292.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Corner Team Inc 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 Corner Team Inc 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 surplus of $3K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Frequently Asked Questions about Corner Team Inc
Is Corner Team Inc a legitimate charity?
Corner Team Inc (EIN: 824223365) is a registered tax-exempt nonprofit based in Maryland. It has 2 years of IRS 990 filings on record. Total revenue: $265K. No red flags identified. Financial health grade: A.
How does Corner Team Inc spend its money?
Corner Team Inc reported $265K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Corner Team Inc tax-deductible?
Corner Team Inc is registered as a tax-exempt nonprofit (EIN: 824223365). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Corner Team Inc located?
Corner Team Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 824223365.
How many years of IRS 990 filings does Corner Team Inc have?
Corner Team Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $265K in total revenue.
Filing History
IRS 990 filing history for Corner Team Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2019–2023), Corner Team Inc's revenue has grown by 445.4%, moving from $37K to $202K. Total assets increased by 6292.8% over the same period, from $2K to $108K. In its most recent filing year (2023), Corner Team Inc reported a surplus of $3K, with revenue exceeding expenses. The organization holds $550 in liabilities against $108K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $107K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $202K | $198K | $108K | $550 | — | — |
| 2019 | $37K | $0 | $2K | $2K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corner Team Inc:
Data Sources and Methodology
This transparency report for Corner Team 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.