Cordamore Inc

Analysis

Cordamore Inc is a registered charity in United States, based in Merchantville, NJ. It received its IRS tax-exemption ruling in May 1983, 43 years ago. 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, Cordamore Inc reported income of $109k and spending of $146k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $18k to $109k (+504%), an average of +57% a year. The sharpest change came in the year to December 2020, when income rose by 982%. Over the whole period it spent 148% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cordamore Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include National Home Education Research Institute ($109k), Pennsylvania Rural Arts Alliance ($109k) and Habitat for Humanity International Inc ($109k).

Compensation of current officers, directors and key employees was $25k (17% of expenses). At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.