Corvallis Multicultural Literacy Center
EIN: 412097467 · Corvallis, OR · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $530K |
| Total Expenses | $309K |
| Net Assets | $144K |
Is Corvallis Multicultural Literacy Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Corvallis Multicultural Literacy Center
Corvallis Multicultural Literacy Center (EIN: 412097467) is a nonprofit organization based in Corvallis, OR, classified under NTEE code S20. The organization reported total revenue of $530K and total assets of $360K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corvallis Multicultural Literacy Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corvallis Multicultural Literacy Center is a small nonprofit that has been operating for 22 years, with 8 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 23.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $328K |
| Total Expenses | $309K |
| Surplus / Deficit | +$19K |
| Total Assets | $144K |
| Net Assets | $144K |
| Operating Margin | 5.8% |
| Months of Reserves | 5.6 months |
Financial Health Grade: A
In 2023, Corvallis Multicultural Literacy Center reported a surplus of $19K with revenue exceeding expenses, holds 5.6 months of operating reserves (adequate).
Financial Trends
Over 8 years of filings (2012–2023), Corvallis Multicultural Literacy Center's revenue has grown at a compound annual growth rate (CAGR) of 23.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.9% | +26.8% | +15.2% |
| 2022 | +58.1% | +69.1% | +17.5% |
| 2021 | +94.1% | +186.6% | +31.0% |
| 2020 | +4.3% | -34.5% | +81.9% |
| 2019 | +59.7% | +31.0% | +6.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Corvallis Multicultural Literacy Center 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 Corvallis Multicultural Literacy Center 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 $19K, with revenue exceeding expenses.
Frequently Asked Questions about Corvallis Multicultural Literacy Center
Is Corvallis Multicultural Literacy Center a legitimate charity?
Corvallis Multicultural Literacy Center (EIN: 412097467) is a registered tax-exempt nonprofit based in Oregon. It has 8 years of IRS 990 filings on record. Total revenue: $530K. No red flags identified. Financial health grade: A.
How does Corvallis Multicultural Literacy Center spend its money?
Corvallis Multicultural Literacy Center reported $530K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Corvallis Multicultural Literacy Center tax-deductible?
Corvallis Multicultural Literacy Center is registered as a tax-exempt nonprofit (EIN: 412097467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Corvallis Multicultural Literacy Center located?
Corvallis Multicultural Literacy Center is headquartered in Corvallis, Oregon and files with the IRS under EIN 412097467. It is classified under NTEE code S20.
How many years of IRS 990 filings does Corvallis Multicultural Literacy Center have?
Corvallis Multicultural Literacy Center has 8 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 $530K in total revenue.
Filing History
IRS 990 filing history for Corvallis Multicultural Literacy Center showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2023), Corvallis Multicultural Literacy Center's revenue has grown by 901.5%, moving from $33K to $328K. Total assets increased by 134.7% over the same period, from $61K to $144K. Total functional expenses rose by 874.1%, from $32K to $309K. In its most recent filing year (2023), Corvallis Multicultural Literacy Center reported a surplus of $19K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $328K | $309K | $144K | $0 | — | View 990 |
| 2022 | $265K | $244K | $125K | $0 | — | View 990 |
| 2021 | $167K | $144K | $106K | $2K | — | — |
| 2020 | $86K | $50K | $81K | $783 | — | View 990 |
| 2019 | $83K | $77K | $45K | $279 | — | View 990 |
| 2018 | $52K | $59K | $42K | $4K | — | View 990 |
| 2016 | $34K | $22K | $58K | $1K | — | View 990 |
| 2012 | $33K | $32K | $61K | $311 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $328K, expenses of $309K, and assets of $144K (revenue +23.9% year-over-year).
- 2022: Revenue of $265K, expenses of $244K, and assets of $125K (revenue +58.1% year-over-year).
- 2021: Revenue of $167K, expenses of $144K, and assets of $106K (revenue +94.1% year-over-year).
- 2020: Revenue of $86K, expenses of $50K, and assets of $81K (revenue +4.3% year-over-year).
- 2019: Revenue of $83K, expenses of $77K, and assets of $45K (revenue +59.7% year-over-year).
- 2018: Revenue of $52K, expenses of $59K, and assets of $42K (revenue +53.5% year-over-year).
- 2016: Revenue of $34K, expenses of $22K, and assets of $58K (revenue +3.0% year-over-year).
- 2012: Revenue of $33K, expenses of $32K, and assets of $61K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corvallis Multicultural Literacy Center:
Data Sources and Methodology
This transparency report for Corvallis Multicultural Literacy Center 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.