Cord USA

Analysis

Cord USA is a registered charity in United States, based in Grand Blanc, MI. It received its IRS tax-exemption ruling in September 2009, 17 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, Cord USA reported income of $454k and spending of $145k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $407k to $454k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2022, when income dropped by 41%. Over the whole period it spent 78% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Cord USA sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Muslim Hands Inc ($453k), Hearts2honduras Inc ($454k) and Agape International Children Ministries ($452k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.