Core Inc

Analysis

Core Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, Core Inc reported income of $3.7m and spending of $2.9m, spending 80% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $3.7m (+124%), an average of +22% a year. The sharpest change came in the year to September 2022, when income rose by 170%. Over the whole period it spent 77% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Core Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 76th percentile within DC. Charities of a similar size with the same main cause include Tamid Israel Investment Group Ltd ($3.7m), Boys and Girls Club of Hernando County Inc ($3.7m) and Boys & Girls Club of Albany ($3.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $223k (7.6% of expenses). Other salaries and wages came to $809k. At year end it held assets of $3.2m against liabilities of $438k, net assets of $2.7m. It reported 11 employees.