Cole Resource Center Inc

Analysis

Cole Resource Center Inc is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Cole Resource Center Inc reported income of $120k and spending of $84k, leaving 30% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $238k to $120k (-50%), an average of -16% a year. The sharpest change came in the year to June 2021, when income dropped by 58%. Over the whole period it spent 75% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cole Resource Center Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Advances in Neuroblastoma Research Association ($120k), Hispanic Health Institute ($120k) and Lifequest Christian Counselingservices Inc ($120k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $270k against liabilities of $5,021, net assets of $265k.