Nonprofit screen
Screen a listCortico Corporation
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$3.6Mrevenue
FY2024 · +268% in 3 yrs33staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−32.9%
Months of reserve7.0mo
Revenue growth (annualized)+15.5%
Middle half of peersMedianCortico
Where the money goes FY2024 · $4.8M spent
Programs$3.8M79%Management and general$918k19%Fundraising$97k2%990 FY2024 · Part IX line 25
Worth checking2
Its largest funder stopped after FY2022
Project Liberty Institute gave $7.3M in FY2022.
Funders’ 990-PF grant listsDeficits in 2 of the last 3 years
−$1.9M in FY2023 and −$1.2M in FY2024. Cash covers 7.0 months, above the peer median of 4.5.
990 Part I and balance sheetIn its favor2
Strong governance
6 of 6 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 16% a year since FY2017, faster than half of similar nonprofits.
990 Part I · peer cohort13funders
$4.1Ma year, last 3 years
59%from its largest funder
Funder’17’18’19’20’21’22’23Project Liberty InstituteOn and off$7.3MJohn S and James L Knight FoundationOn and off$200k$250k$1.1M$667k$250kAphorism FoundationOn and off$1.0M$1.0MQuadriviumNew in FY2023$250kThe Tow Foundation IncOn and off$200kArchewell FoundationOn and off$100kDonor-advised giftsDonors not disclosed$1.6M$1.1M$1.0M$1.0M$1.2M
FundedThrough a donor-advised fund