Core Foundation

Analysis

Core Foundation is a registered charity in United States, based in Reston, VA. It received its IRS tax-exemption ruling in November 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Core Foundation reported income of $676k and spending of $588k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $147k to $676k (+360%), an average of +46% a year. The sharpest change came in the year to December 2020, when income rose by 120%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Core Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include United Way of Whiteside County Inc ($675k), Beach Ball Foundation ($676k) and Nishmat Avraham Inc ($675k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $135k (23% of expenses). At year end it held assets of $482k against liabilities of $261k, net assets of $221k. It reported 2 employees.