Core Project Inc

Analysis

Core Project Inc is a registered charity in United States, based in Daphne, AL. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Core Project Inc reported income of $4.2m and spending of $4.0m, spending 96% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $932k to $4.2m (+346%), an average of +65% a year. The sharpest change came in the year to December 2021, when income rose by 162%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Core Project Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within AL. Charities of a similar size with the same main cause include Respite Care Services Inc ($4.2m), Helpmate Inc ($4.2m) and Orion Family Services Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 92% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $558k against liabilities of $293k, net assets of $265k. It reported 138 employees.