Chordoma Foundation
Chordoma Foundation shows strong financial growth and zero reported officer compensation over a decade.
EIN: 208423943 · Durham, NC · NTEE: H30 · Updated: 2026-03-28
Is Chordoma Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chordoma Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chordoma Foundation
Chordoma Foundation (EIN: 208423943) is a nonprofit organization based in Durham, NC, classified under NTEE code H30. The organization reported total revenue of $5.4M and total assets of $11.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chordoma Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chordoma Foundation is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.4M |
| Total Expenses | $4.6M |
| Surplus / Deficit | +$2.8M |
| Total Assets | $11.0M |
| Total Liabilities | $1.8M |
| Net Assets | $9.2M |
| Operating Margin | 38.2% |
| Debt-to-Asset Ratio | 16.6% |
| Months of Reserves | 28.8 months |
Financial Health Grade: A
In 2023, Chordoma Foundation reported a surplus of $2.8M with revenue exceeding expenses, holds 28.8 months of operating reserves (strong position), has a debt-to-asset ratio of 16.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chordoma Foundation's revenue has grown at a compound annual growth rate (CAGR) of 23.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.3% | +48.8% | +45.2% |
| 2022 | +58.3% | -8.4% | +16.4% |
| 2021 | +23.6% | +33.8% | +2.9% |
| 2020 | -51.6% | -36.0% | -11.6% |
| 2019 | +112.9% | +68.3% | +58.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 8200 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chordoma Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Chordoma Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.6%.
Executive Compensation Analysis
The Chordoma Foundation has consistently reported 0% officer compensation across all available filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly unusual and suggests exceptional dedication or a unique operational model for an organization with over $7 million in annual revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Chordoma Foundation's IRS 990 filings:
- Unusually low reported liabilities relative to assets in some periods, which could warrant further investigation into financial structure, though generally a positive sign.
Strengths
The following positive indicators were identified for Chordoma Foundation:
- Consistent and significant revenue growth, from $2,025,949 in 2014 to $7,442,618 in 2023.
- Strong asset accumulation, growing from $2,379,674 in 2014 to $11,037,912 in 2023.
- Zero reported officer compensation across all 13 filings, indicating exceptional dedication or a highly efficient operational model.
- Positive net income in most years, demonstrating financial sustainability and ability to build reserves.
- Clear financial transparency through consistent IRS 990 filings.
Frequently Asked Questions about Chordoma Foundation
Is Chordoma Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Chordoma Foundation (EIN: 208423943) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Chordoma Foundation spend its money?
Chordoma Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chordoma Foundation tax-deductible?
Chordoma Foundation is registered as a tax-exempt nonprofit (EIN: 208423943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Chordoma Foundation a good charity?
Based on its financial data, the Chordoma Foundation appears to be a very good charity. It demonstrates strong financial health, consistent growth, and a remarkable commitment to its mission with 0% reported officer compensation over a decade, suggesting a high proportion of funds directly support its programs.
How has the Chordoma Foundation's revenue grown over time?
The Chordoma Foundation has shown significant revenue growth, increasing from $2,025,949 in 2014 to $7,442,618 in 2023, indicating strong fundraising capabilities and increasing support for its cause.
What is the organization's asset growth trend?
The organization's assets have grown substantially and consistently, from $2,379,674 in 2014 to $11,037,912 in 2023, reflecting sound financial management and the accumulation of resources to support its long-term mission.
Does the Chordoma Foundation spend efficiently?
With expenses of $4,597,074 against revenue of $7,442,618 in 2023, and a historical trend of revenue generally exceeding expenses, the organization appears to manage its spending efficiently while building reserves. The 0% officer compensation also points to highly efficient use of funds.
Filing History
IRS 990 filing history for Chordoma Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chordoma Foundation's revenue has grown by 1109.7%, moving from $615K to $7.4M. Total assets increased by 1523.7% over the same period, from $680K to $11.0M. Total functional expenses rose by 656.3%, from $608K to $4.6M. In its most recent filing year (2023), Chordoma Foundation reported a surplus of $2.8M, with revenue exceeding expenses. The organization holds $1.8M in liabilities against $11.0M in assets (debt-to-asset ratio: 16.6%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.4M | $4.6M | $11.0M | $1.8M | — | View 990 |
| 2022 | $4.9M | $3.1M | $7.6M | $1.4M | — | View 990 |
| 2021 | $3.1M | $3.4M | $6.5M | $2.1M | — | View 990 |
| 2020 | $2.5M | $2.5M | $6.3M | $1.6M | — | — |
| 2019 | $5.2M | $3.9M | $7.2M | $2.5M | — | View 990 |
| 2018 | $2.4M | $2.3M | $4.5M | $1.0M | — | View 990 |
| 2017 | $2.1M | $2.9M | $4.8M | $1.4M | — | View 990 |
| 2016 | $4.2M | $2.3M | $5.3M | $1.2M | — | View 990 |
| 2015 | $1.9M | $1.4M | $2.8M | $498K | — | View 990 |
| 2014 | $2.0M | $1.7M | $2.4M | $581K | — | View 990 |
| 2013 | $1.6M | $912K | $1.7M | $242K | — | View 990 |
| 2012 | $788K | $644K | $834K | $106K | — | View 990 |
| 2011 | $615K | $608K | $680K | $96K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.4M, expenses of $4.6M, and assets of $11.0M (revenue +52.3% year-over-year).
- 2022: Revenue of $4.9M, expenses of $3.1M, and assets of $7.6M (revenue +58.3% year-over-year).
- 2021: Revenue of $3.1M, expenses of $3.4M, and assets of $6.5M (revenue +23.6% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.5M, and assets of $6.3M (revenue -51.6% year-over-year).
- 2019: Revenue of $5.2M, expenses of $3.9M, and assets of $7.2M (revenue +112.9% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.3M, and assets of $4.5M (revenue +16.6% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.9M, and assets of $4.8M (revenue -50.1% year-over-year).
- 2016: Revenue of $4.2M, expenses of $2.3M, and assets of $5.3M (revenue +117.1% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.4M, and assets of $2.8M (revenue -5.4% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.7M, and assets of $2.4M (revenue +25.2% year-over-year).
- 2013: Revenue of $1.6M, expenses of $912K, and assets of $1.7M (revenue +105.3% year-over-year).
- 2012: Revenue of $788K, expenses of $644K, and assets of $834K (revenue +28.1% year-over-year).
- 2011: Revenue of $615K, expenses of $608K, and assets of $680K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chordoma Foundation:
Data Sources and Methodology
This transparency report for Chordoma Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.