Coalfield Water Development Fun Inc

Analysis

Coalfield Water Development Fun Inc is a registered charity in United States, based in Coeburn, VA. It received its IRS tax-exemption ruling in April 1996, 30 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 June 2024, Coalfield Water Development Fun Inc reported income of $683k and spending of $770k, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $783k to $683k (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coalfield Water Development Fun Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Western States College of Construction ($683k), Good Shepherd Homes Inc ($683k) and Washington DC Meals on Wheels Inc ($683k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% of the total. At year end it held assets of $22.1m against liabilities of $10.9m, net assets of $11.2m.