Coral Park Community Outreach Inc

Analysis

Coral Park Community Outreach Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2022, 4 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 December 2023, Coral Park Community Outreach Inc reported income of $2.0m and spending of $1.9m, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.6m to $2.0m (+26%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Coral Park Community Outreach Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Millville Public Library ($2.0m), Putnam Academy of Arts and Sciences Inc ($2.0m) and North Valley Academy Inc ($2.0m).

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 $149k against liabilities of $15k, net assets of $135k. It reported 33 employees.