Institute of Core Energetics Inc

Analysis

Institute of Core Energetics Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1985, 41 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Institute of Core Energetics Inc reported income of $439k and spending of $507k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $594k to $439k (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Institute of Core Energetics Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Crossroads Inc ($438k), Pittsburgh Regional Healthcare Initiative ($439k) and Harrison County Substance Abuse Prevention Coalition Inc ($438k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $242k (48% of expenses). At year end it held assets of $562k against liabilities of $25k, net assets of $537k. It reported 5 employees.