Live Like Cory Memorial Foundation Inc

Analysis

Live Like Cory Memorial Foundation Inc is a registered charity in United States, based in Colts Neck, NJ. It received its IRS tax-exemption ruling in August 2022, 4 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, Live Like Cory Memorial Foundation Inc reported income of $90k and spending of $63k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $90k (+14%), an average of +14% a year. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Live Like Cory Memorial Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within NJ. Charities of a similar size with the same main cause include Mt Ida Gardens Inc ($90k), Clover Cat Rescue ($90k) and Dress for Success Central Virginia ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.