3 Core Inc

Analysis

3 Core Inc is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 2024, 3 Core Inc reported income of $2.0m and spending of $1.1m, leaving 42% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.2m to $2.0m (-11%), an average of -2.3% a year. The sharpest change came in the year to June 2021, when income rose by 543%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 3 Core Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Tampa Baptist Manor Inc ($2.0m), Illinois State Council Knights of Columbus Charities Inc ($2.0m) and National Repertory Orchestra Inc Colorado Philharmonic ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 82% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $106k (9.3% of expenses). Other salaries and wages came to $381k. At year end it held assets of $9.4m against liabilities of $1.7m, net assets of $7.6m. It reported 7 employees.