Chord Foundation

Analysis

Chord Foundation is a registered charity in United States, based in New Hyde Park, NY. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Chord Foundation reported income of $843k and spending of $451k, leaving 47% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $244k to $843k (+245%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 148%. Over the whole period it spent 38% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chord Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include GMH Property Holdings Inc ($843k), The Hawkins Foundation ($843k) and Wake Up Carolina ($842k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $888k against liabilities of $0, net assets of $888k.