Cor Inc

Analysis

Cor Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2019, 7 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 June 2023, Cor Inc reported income of $590k and spending of $801k, spending 136% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $605k to $590k (-2.5%), an average of -1.2% a year. The sharpest change came in the year to June 2022, when income rose by 70%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Cor Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Unified FC Foundation ($589k), East Bay Youth Development Foundation Inc ($590k) and Willits Kids Club Inc ($588k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $270k (34% of expenses). Other salaries and wages came to $46k. At year end it held assets of $394k against liabilities of $1,144, net assets of $393k. It reported 5 employees.