Charles a Coffin Memorial Fund

Analysis

Charles a Coffin Memorial Fund is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in November 1959, 67 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Charles a Coffin Memorial Fund reported income of $646k and spending of $412k, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $389k to $646k (+66%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charles a Coffin Memorial Fund sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Usta Florida Section Foundation Inc ($645k), Vets Returning Home Inc ($646k) and Hudson County Community College Foundation Inc ($645k).

At year end it held assets of $11.4m against liabilities of $227k, net assets of $11.2m.