Coastline Elderly Services Inc

Analysis

Coastline Elderly Services Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Coastline Elderly Services Inc reported income of $37.7m and spending of $36.6m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $32.2m to $37.7m (+17%), an average of +5.4% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coastline Elderly Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include American Friends of Yad Eliezer Inc ($37.6m), Hillsides ($37.7m) and FP Assistance Inc ($37.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $343k (0.9% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $22.9m against liabilities of $11.5m, net assets of $11.4m. It reported 201 employees.