Charles E Cotting Charitable Corp

Analysis

Charles E Cotting Charitable Corp is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Charles E Cotting Charitable Corp reported income of $7.0m and spending of $8.5m, spending 121% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $4.0m to $7.0m (+76%), an average of +12% a year. The sharpest change came in the year to December 2019, when income rose by 125%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charles E Cotting Charitable Corp sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Barr Center ($7.0m), American Trust 33-11272-66 33-11512-98 Fbo ($7.0m) and Providence University College and Theological Seminary ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% of the total. At year end it held assets of $110.5m against liabilities of $0, net assets of $110.5m.