Cor Jesu Foundation Inc

Analysis

Cor Jesu Foundation Inc is a registered charity in United States, based in East Elmhurst, NY. It received its IRS tax-exemption ruling in March 1946, 80 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 June 2023, Cor Jesu Foundation Inc reported income of $654k and spending of $290k, leaving 56% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $6.4m to $654k (-90%), an average of -90% a year. The sharpest change came in the year to June 2023, when income dropped by 90%. Over the whole period it spent 5.2% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cor Jesu Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Oak Park Education Foundation ($654k), Connectikids Inc ($654k) and New Africa Fund Inc ($654k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% of the total. Other salaries and wages came to $152k. At year end it held assets of $6.1m against liabilities of $17k, net assets of $6.1m.