Core Association Inc

Analysis

Core Association Inc is a registered charity in United States, based in Blue Island, IL. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Core Association Inc reported income of $531k and spending of $467k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $531k (-54%), an average of -18% a year. The sharpest change came in the year to June 2020, when income dropped by 62%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Core Association Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Lake County Community Housing ($531k), Oakman Village Manor Senior Housing Development Corp ($531k) and Alliance for the Betterment of Citizens with Disabilities Inc ($531k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $30k (6.4% of expenses). At year end it held assets of $1.7m against liabilities of $63k, net assets of $1.6m. It reported 1 employees.