Coreys Promise

Analysis

Coreys Promise is a registered charity in United States, based in Huntington, NY. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Coreys Promise reported income of $244k and spending of $66k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $244k (+291%), an average of +291% a year. The sharpest change came in the year to December 2023, when income rose by 291%. Over the whole period it spent 26% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Coreys Promise 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 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Cape Atlantic Citizens Altering Thestrays ($244k), Southwest Members Care Incorporated ($244k) and The Beall Family Foundation ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $226k against liabilities of $0, net assets of $226k.