Coras Intergenerational Center

Analysis

Coras Intergenerational Center is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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 2022, Coras Intergenerational Center reported income of $233k and spending of $235k, spending 101% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $72k to $233k (+226%), an average of +226% a year. The sharpest change came in the year to December 2022, when income rose by 226%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coras Intergenerational Center sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Laborers Local 785 Training and Apprenticeship Fund ($233k), Cheshire Home Inc Temple Univ Disabled Student Service ($233k) and Marc Workshop Inc ($233k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 43% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $87k (37% of expenses). At year end it held assets of $260k against liabilities of $310k, net assets of -$49k. It reported 10 employees.