Core Academy

Analysis

Core Academy is a registered charity in United States, based in Hopkins, SC. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Core Academy reported income of $977k and spending of $915k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $368k to $977k (+166%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 153%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Core Academy sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within SC. Charities of a similar size with the same main cause include Toys for Kids ($977k), Safe Harbor ($977k) and No More Foundation Inc ($977k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $96k against liabilities of $96k, net assets of $0.