Core Foundation
Core Foundation shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 205997764 · Reston, VA · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $626K |
| Total Expenses | $588K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $600,000 |
| Net Assets | $221K |
| Transparency Score | 85/100 |
Is Core Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Core Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Core Foundation
Core Foundation (EIN: 205997764) is a nonprofit organization based in Reston, VA, classified under NTEE code T12. The organization reported total revenue of $626K and total assets of $511K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Core Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Core Foundation is a small 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 25.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $676K |
| Total Expenses | $588K |
| Surplus / Deficit | +$87K |
| Total Assets | $482K |
| Total Liabilities | $261K |
| Net Assets | $221K |
| Operating Margin | 12.9% |
| Debt-to-Asset Ratio | 54.1% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2023, Core Foundation reported a surplus of $87K with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 54.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Core Foundation's revenue has grown at a compound annual growth rate (CAGR) of 25.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.6% | -0.5% | +32.8% |
| 2022 | +33.3% | +36.6% | +3.2% |
| 2021 | +40.8% | +64.7% | +37.7% |
| 2020 | +119.5% | +128.8% | +252.5% |
| 2019 | +33.0% | -1.3% | +60.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Core Foundation with a Mission Score of 85 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, Core 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 $87K, with revenue exceeding expenses.
- Debt-to-asset ratio: 54.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is highly unusual for an organization of its size with over $600,000 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 Core Foundation's IRS 990 filings:
- Growing liabilities relative to assets (e.g., $260,611 liabilities vs. $482,063 assets in 2023) could indicate reliance on short-term funding or specific project-based debt.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes a precise efficiency analysis challenging.
Strengths
The following positive indicators were identified for Core Foundation:
- Consistent and strong revenue growth over the past decade, from $47,205 in 2015 to $675,532 in 2023.
- Healthy asset accumulation, growing from $28,259 in 2015 to $482,063 in 2023.
- 0% officer compensation reported across all filings, indicating a highly efficient use of funds at the executive level.
- Expenses generally track below revenue, allowing for asset growth and financial stability.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and consistent reporting.
Frequently Asked Questions about Core Foundation
Is Core Foundation a legitimate charity?
Core Foundation (EIN: 205997764) is a registered tax-exempt nonprofit based in Virginia. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $626K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Core Foundation spend its money?
Core Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Core Foundation tax-deductible?
Core Foundation is registered as a tax-exempt nonprofit (EIN: 205997764). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Core Foundation CEO make?
Core Foundation's highest-compensated officer earns $600,000 annually. The organization reported $626K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Core Foundation's spending goes to programs?
Core Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Core Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Core Foundation is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Core Foundation located?
Core Foundation is headquartered in Reston, Virginia and files with the IRS under EIN 205997764. It is classified under NTEE code T12.
How many years of IRS 990 filings does Core Foundation have?
Core Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $626K in total revenue.
Is Core Foundation a good charity?
Based on the available data, Core Foundation appears to be a good charity. It demonstrates strong financial growth, consistent asset accumulation, and a notable commitment to not compensating its officers, which suggests a high dedication to its mission and efficient use of funds.
How has Core Foundation's revenue grown over time?
Core Foundation has experienced significant revenue growth, increasing from $47,205 in 2015 to $675,532 in 2023, representing over a 1300% increase in less than a decade.
What is the trend in Core Foundation's assets?
The organization's assets have grown substantially, from $28,259 in 2015 to $482,063 in 2023, indicating a healthy accumulation of resources.
What is the significance of 0% officer compensation?
The 0% officer compensation across all filings is highly significant, suggesting that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which can free up more funds for program activities.
Filing History
IRS 990 filing history for Core Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Core Foundation's revenue has grown by 1480.8%, moving from $43K to $676K. Total assets increased by 2818.6% over the same period, from $17K to $482K. Total functional expenses rose by 1504.8%, from $37K to $588K. In its most recent filing year (2023), Core Foundation reported a surplus of $87K, with revenue exceeding expenses. The organization holds $261K in liabilities against $482K in assets (debt-to-asset ratio: 54.1%), resulting in net assets of $221K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $676K | $588K | $482K | $261K | — | — |
| 2022 | $605K | $592K | $363K | $228K | — | View 990 |
| 2021 | $454K | $433K | $352K | $230K | — | View 990 |
| 2020 | $322K | $263K | $255K | $155K | — | — |
| 2019 | $147K | $115K | $72K | $31K | — | View 990 |
| 2018 | $110K | $116K | $45K | $36K | — | View 990 |
| 2017 | $145K | $145K | $38K | $23K | — | View 990 |
| 2016 | $81K | $89K | $35K | $19K | — | View 990 |
| 2015 | $47K | $51K | $28K | $3K | — | View 990 |
| 2014 | $56K | $55K | $29K | $0 | — | View 990 |
| 2013 | $68K | $68K | $32K | $4K | — | View 990 |
| 2012 | $75K | $57K | $29K | $1K | — | View 990 |
| 2011 | $43K | $37K | $17K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $676K, expenses of $588K, and assets of $482K (revenue +11.6% year-over-year).
- 2022: Revenue of $605K, expenses of $592K, and assets of $363K (revenue +33.3% year-over-year).
- 2021: Revenue of $454K, expenses of $433K, and assets of $352K (revenue +40.8% year-over-year).
- 2020: Revenue of $322K, expenses of $263K, and assets of $255K (revenue +119.5% year-over-year).
- 2019: Revenue of $147K, expenses of $115K, and assets of $72K (revenue +33.0% year-over-year).
- 2018: Revenue of $110K, expenses of $116K, and assets of $45K (revenue -23.7% year-over-year).
- 2017: Revenue of $145K, expenses of $145K, and assets of $38K (revenue +77.6% year-over-year).
- 2016: Revenue of $81K, expenses of $89K, and assets of $35K (revenue +72.5% year-over-year).
- 2015: Revenue of $47K, expenses of $51K, and assets of $28K (revenue -15.7% year-over-year).
- 2014: Revenue of $56K, expenses of $55K, and assets of $29K (revenue -17.3% year-over-year).
- 2013: Revenue of $68K, expenses of $68K, and assets of $32K (revenue -9.2% year-over-year).
- 2012: Revenue of $75K, expenses of $57K, and assets of $29K (revenue +74.7% year-over-year).
- 2011: Revenue of $43K, expenses of $37K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Core Foundation:
Data Sources and Methodology
This transparency report for Core 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.