Coserv Charitable Foundation

Analysis

Coserv Charitable Foundation is a registered charity in United States, based in Corinth, TX. It received its IRS tax-exemption ruling in May 2005, 21 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 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, Coserv Charitable Foundation reported income of $1.8m and spending of $1.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.8m (+25%), an average of +5.8% a year. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Coserv Charitable Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Show-Me Institute ($1.8m), Levy Family Campus ($1.8m) and College of Southern Nevada Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $299k against liabilities of $1,000, net assets of $298k.