Coastal Opportunities

Analysis

Coastal Opportunities is a registered charity in United States, based in Camden, ME. It received its IRS tax-exemption ruling in March 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Coastal Opportunities reported income of $6.8m and spending of $5.3m, leaving 22% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.8m to $6.8m (+42%), an average of +7.3% a year. The sharpest change came in the year to June 2024, when income rose by 47%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coastal Opportunities sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within ME. Charities of a similar size with the same main cause include Sam & Esther Minskoff Cultural Center Park East Day School Inc ($6.8m), Calvary University ($6.8m) and Leo a Hoffmann Center Inc ($6.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.6% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $133k (2.5% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $17.3m against liabilities of $1.2m, net assets of $16.1m. It reported 99 employees.