Coqual Inc

Analysis

Coqual Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Coqual Inc reported income of $3.6m and spending of $5.2m, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.4m to $3.6m (-18%), an average of -4.8% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coqual Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Florence Crittenton Home & Services ($3.6m), Russian Jewish Community Cultural Center ($3.6m) and Fish of Sanibel-Captiva Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $1.7m (33% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.9m against liabilities of $1.0m, net assets of $887k. It reported 37 employees.