Chordoma Foundation

Analysis

Chordoma Foundation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Chordoma Foundation reported income of $7.4m and spending of $4.6m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $7.4m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chordoma Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Spectrum Health Care Inc ($7.4m), United Cerebral Palsy Association ($7.4m) and University of Maryland Orthopaedic Trauma Associates P a ($7.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $531k (12% of expenses). Other salaries and wages came to $812k. At year end it held assets of $11.0m against liabilities of $1.8m, net assets of $9.2m. It reported 12 employees.