Arthur E Coia Scholarship and Education Fund

Analysis

Arthur E Coia Scholarship and Education Fund is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Arthur E Coia Scholarship and Education Fund reported income of $553k and spending of $201k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $261k to $553k (+112%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Arthur E Coia Scholarship and Education Fund sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within RI. Charities of a similar size with the same main cause include Napoli Culinary Academy of America ($553k), National Consortium for Health Science Education ($553k) and Los Gatos High School New Millenium Foundation Inc ($553k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $12k (6.0% of expenses). At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.