Christopher Coffland Memorial Fund Inc

Analysis

Christopher Coffland Memorial Fund Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Christopher Coffland Memorial Fund Inc reported income of $1.8m and spending of $2.1m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Christopher Coffland Memorial Fund Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Central California ($1.8m), Boys and Girls Club of Bay County Inc ($1.8m) and Clove Alliance ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $37k (1.8% of expenses). Other salaries and wages came to $584k. At year end it held assets of $636k against liabilities of $155k, net assets of $481k.