Christodora Inc

Analysis

Christodora Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Christodora Inc reported income of $1.6m and spending of $2.6m, spending 157% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.6m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Christodora Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include The Merchants Fund of Philadelphia ($1.6m), Oaklawn Foundation ($1.6m) and Society for Orphaned Armenian Relief ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $181k (7.1% of expenses). Other salaries and wages came to $795k. It paid $1,900 in professional fundraising fees. At year end it held assets of $10.6m against liabilities of $535k, net assets of $10.1m. It reported 50 employees.