Chor

Analysis

Chor is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Chor reported income of $1.1m and spending of $717k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $818k to $1.1m (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chor sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Dost Education ($1.1m), Diverse Charter Schools Coalition Inc ($1.1m) and Gracelyn Global Education Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $239k (33% of expenses). Other salaries and wages came to $96k. At year end it held assets of $1.5m against liabilities of $1.0m, net assets of $493k. It reported 4 employees.