The Cora Foundation Inc

Analysis

The Cora Foundation Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, The Cora Foundation Inc reported income of $195k and spending of $191k, spending 98% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $441k to $195k (-56%), an average of -56% a year. The sharpest change came in the year to June 2024, when income dropped by 56%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Cora Foundation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Darien Historical Society Inc ($195k), Keiki Injury Prevention Coalition- Safe Hawai I Incorporated ($195k) and New York Dance Project Inc ($195k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $77k. At year end it held assets of $537k against liabilities of $62k, net assets of $474k.