Coldwater Foundation for Leadership and Community Development

Analysis

Coldwater Foundation for Leadership and Community Development is a registered charity in United States, based in Grand Marais, MN. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Coldwater Foundation for Leadership and Community Development reported income of $543k and spending of $603k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $543k (+236%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Coldwater Foundation for Leadership and Community Development sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include Young Women on the Move ($542k), Level the Field Athletics Inc ($543k) and Madison County Livestock & Fair Association ($542k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $78k (13% of expenses). Other salaries and wages came to $329k. At year end it held assets of $259k against liabilities of $28k, net assets of $231k. It reported 21 employees.