Cora Incorporated

Analysis

Cora Incorporated is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cora Incorporated reported income of $530k and spending of $644k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $475k to $530k (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cora Incorporated sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Hope Montessori School - the Woodlands ($530k), Friends of the Bergen County Zoo Inc ($531k) and Conrad Foundation ($530k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $188k (29% of expenses). Other salaries and wages came to $228k. At year end it held assets of $611k against liabilities of $385k, net assets of $226k. It reported 20 employees.