Coco Point Fund

Analysis

Coco Point Fund is a registered charity in United States, based in Chevy Chase, MD. It received its IRS tax-exemption ruling in April 1979, 47 years ago. 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, Coco Point Fund reported income of $147k and spending of $79k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $314k to $147k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income dropped by 43%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coco Point Fund sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include Allied Productions Inc ($147k), Christian Life Center of Harrodsburg ($147k) and El Toro High School Music Boosters ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.