Coshocton Foundation

Analysis

Coshocton Foundation is a registered charity in United States, based in Coshocton, OH. It received its IRS tax-exemption ruling in February 1967, 59 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 September 2023, Coshocton Foundation reported income of $2.0m and spending of $6.2m, spending 301% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $6.7m to $2.0m (-69%), an average of -26% a year. The sharpest change came in the year to September 2022, when income rose by 95%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Coshocton Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Catapult Design ($2.0m), Starlight Enterprises Inc ($2.0m) and Santa Fe Railyard Community ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 42% of the total. Compensation of current officers, directors and key employees was $75k (1.2% of expenses). Other salaries and wages came to $127k. At year end it held assets of $43.1m against liabilities of $5.2m, net assets of $37.9m. It reported 5 employees.