Coap Incorporated

Analysis

Coap Incorporated is a registered charity in United States, based in Harlan, KY. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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, Coap Incorporated reported income of $638k and spending of $566k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $913k to $638k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2020, when income dropped by 38%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coap Incorporated sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within KY. Charities of a similar size with the same main cause include United Way of Wilson County Inc ($638k), Tri-County Senior Meals ($638k) and Operation Once in a Lifetime ($638k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 25% of the total. Other salaries and wages came to $144k. At year end it held assets of $1.7m against liabilities of $385k, net assets of $1.3m. It reported 6 employees.