Cohasset Local Education Foundation Ltd

Analysis

Cohasset Local Education Foundation Ltd is a registered charity in United States, based in Cohasset, MA. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Cohasset Local Education Foundation Ltd reported income of $163k and spending of $202k, spending 124% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $157k to $163k (+3.7%), an average of +1.2% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cohasset Local Education Foundation Ltd sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Poulsbo - North Kitsap Rotary Foundation ($163k), Yx Gives ($163k) and Long Island Networking Elite Inc ($163k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.