Korda Institute for Teaching

Analysis

Korda Institute for Teaching is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 2018, 8 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 June 2024, Korda Institute for Teaching reported income of $1.3m and spending of $1.0m, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $757k to $1.3m (+70%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Korda Institute for Teaching sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Sunrise Community Center ($1.3m), Delta Sigma Phi Foundation ($1.3m) and Fund for Advancement of Minorities Through Education Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $200k (19% of expenses). Other salaries and wages came to $479k. At year end it held assets of $1.2m against liabilities of $7,201, net assets of $1.1m. It reported 6 employees.