Cora Services Inc

Analysis

Cora Services Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Cora Services Inc reported income of $38.7m and spending of $38.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.6m to $38.7m (+88%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cora Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Charter School for Applied Technologies ($38.7m), Amethod Public Schools ($38.7m) and LA Roche University ($38.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $244k (0.6% of expenses). Other salaries and wages came to $27.4m. At year end it held assets of $15.2m against liabilities of $6.6m, net assets of $8.6m. It reported 818 employees.