Codac Inc

Analysis

Codac Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in May 1991, 35 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 (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, Codac Inc reported income of $20.7m and spending of $19.7m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.0m to $20.7m (+37%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Codac Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within RI. Charities of a similar size with the same main cause include The Jed Foundation ($20.7m), Gift of Life Marrow Registry Inc ($20.7m) and Great Plains of Republic Co Inc ($20.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $471k (2.4% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $12.6m against liabilities of $4.3m, net assets of $8.3m. It reported 264 employees.