Companions in Courage Foundation

Analysis

Companions in Courage Foundation is a registered charity in United States, based in Merrick, NY. It received its IRS tax-exemption ruling in April 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Companions in Courage Foundation reported income of $263k and spending of $174k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $229k to $263k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Companions in Courage Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Sar Shalom Israel ($263k), Kelley Family Foundation ($263k) and Americare Ministry Partners Inc ($263k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 113% of the total. Compensation of current officers, directors and key employees was $107k (62% of expenses). At year end it held assets of $606k against liabilities of $4,209, net assets of $602k. It reported 1 employees.