C O R E S Inc

Analysis

C O R E S Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, C O R E S Inc reported income of $124k and spending of $91k, leaving 27% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $101k to $124k (+23%), an average of +4.2% a year. The sharpest change came in the year to December 2022, when income rose by 47%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, C O R E S Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include New London Education Foundation Inc ($124k), Council of Graduate Students ($124k) and William Annin Middle School Athletic Organization Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $27k (30% of expenses). At year end it held assets of $59k against liabilities of $0, net assets of $59k.