Core I Inc

Analysis

Core I Inc is a registered charity in United States, based in Draper, UT. It received its IRS tax-exemption ruling in April 2019, 7 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, Core I Inc reported income of $543k and spending of $579k, spending 107% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $249k to $543k (+118%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 260%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Core I 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 71st percentile, and in the 70th percentile within UT. Charities of a similar size with the same main cause include Misiones Ria Inc ($543k), Tima Inc ($544k) and Desert Rose Bahai Institute Inc ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $34k (5.9% of expenses). Other salaries and wages came to $392k. It paid $1,235 in professional fundraising fees. At year end it held assets of $56k against liabilities of $31k, net assets of $25k. It reported 2 employees.