Coastal Connect Inc

Analysis

Coastal Connect Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Coastal Connect Inc reported income of $222k and spending of $861k, spending 389% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income fell from $1.8m to $222k (-88%), an average of -50% a year. The sharpest change came in the year to September 2023, when income dropped by 88%. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Coastal Connect Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include National Federation of the Blind of Colorado ($222k), Crossroads Health Foundation ($222k) and Rpr-Genesis ($222k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $241k. At year end it held assets of $219k against liabilities of $20k, net assets of $199k.