Coralwood Foundation Inc

Analysis

Coralwood Foundation Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in July 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Coralwood Foundation Inc reported income of $124k and spending of $93k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $102k to $124k (+21%), an average of +4.8% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Coralwood Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within GA. Charities of a similar size with the same main cause include Independent Schools Admissions Association of Greater New York ($124k), Joseph Sears Foundation-A Keniworth School Dist No 38 Supporting Org ($124k) and Capitan Public Library Volunteers ($124k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $25k (27% of expenses). At year end it held assets of $827k against liabilities of $2,084, net assets of $825k.