Cord of 3 Strands Inc

Analysis

Cord of 3 Strands Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Cord of 3 Strands Inc reported income of $99k and spending of $120k, spending 121% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $98k to $99k (+1.0%), an average of +0.5% a year. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cord of 3 Strands Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Joe Griffin Media Ministries Inc ($99k), Preservation Trust for Historic Pri Nce George Winyah Church Inc ($99k) and Onehundredfold ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $36k against liabilities of $23k, net assets of $13k.