C O R E Programs Inc

Analysis

C O R E Programs Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, C O R E Programs Inc reported income of $4.8m and spending of $5.4m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $902k to $4.8m (+431%), an average of +52% a year. The sharpest change came in the year to December 2021, when income rose by 123%. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, C O R E Programs Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Community Initatives Inc ($4.8m), Bridge Communities Inc ($4.8m) and Westchester Residential Opportunities Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $3.8m against liabilities of $2.2m, net assets of $1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.