Cord of 3 Strands Inc is a 501(c)(3) organization based in Matthews, North Carolina, registered in 2016, with $136,703 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$137K
▲ 38.6% vs prior year
Religion median: $139K
Expenses (FY2024)
$123K
Net assets
$26K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Cord of 3 Strands Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Cord of 3 Strands Inc: 3 mo reserves · +10% margin earns a B on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Cord of 3 Strands Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Cord of 3 Strands Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $70K (FY2019) to $137K (FY2024) across 6 reported years.
Financial snapshot
Operating margin
10.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$50K
Total liabilities
$23K
Net assets
$26K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $136,703▲38.6% | $122,819▲2.5% | $26,432▲111% | $49,928▲38.5% | 990EZ |
| 2023 | $98,635▲12.6% | $119,793▲71.9% | $12,548▼62.8% | $36,044▼38.2% | 990EZ |
| 2022 | $87,600▼10.3% | $69,679▼20.4% | $33,706▲114% | $58,302▲46.7% | 990EZ |
| 2021 | $97,616▼13.8% | $87,571▼24.1% | $15,785▲476% | $39,740▲592% | 990EZ |
| 2020 | $113,181▲61.2% | $115,336▲64.3% | $2,740 | $5,740 | 990EZ |
| 2019 | $70,200 | $70,200 | $0 | $0 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
12 grants to Cord of 3 Strands Inc totaling $76K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Network For Good Inc | Unrestricted | 2023 | $10,760 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $5,500 |
| Network For Good Inc | Unrestricted | 2022 | $8,160 |
| National Christian Charitable Foundation | Evangelism | 2022 | $5,200 |
| National Christian Charitable Foundation | Evangelism | 2022 | $5,200 |
| Network For Good Inc | Unrestricted | 2021 | $6,805 |
| National Christian Charitable Foundation | Evangelism | 2021 | $6,200 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2020 | $8,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $5,100 |
| National Christian Charitable Foundation | Evangelism | 2018 | $2,100 |
| National Christian Charitable Foundation | Evangelism | 2017 | $12,000 |
| National Christian Charitable Foundation | Human services | 2016 | $1,400 |
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Data for Cord of 3 Strands Inc (EIN 47-5102481) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.