Kore Foundation Inc

Analysis

Kore Foundation Inc is a registered charity in United States, based in Gallatinille, TN. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Kore Foundation Inc reported income of $1.8m and spending of $1.4m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Kore Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within TN. Charities of a similar size with the same main cause include Mobility International USA ($1.8m), Maine International Trade Center ($1.8m) and Healthcare Charities Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $305k. At year end it held assets of $1.6m against liabilities of $10k, net assets of $1.6m. It reported 6 employees.