Kevin Coleman Foundation Inc

Analysis

Kevin Coleman Foundation Inc is a registered charity in United States, based in Kent, OH. It received its IRS tax-exemption ruling in November 1988, 38 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Kevin Coleman Foundation Inc reported income of $1.2m and spending of $2.0m, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $962k to $1.2m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2022, when income rose by 195%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kevin Coleman Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Joan Dancy and Pals Inc ($1.2m), Chinquapin School Endowment Inc ($1.2m) and Southwest Minority Supplier Development Council ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 82% of the total. At year end it held assets of $9.0m against liabilities of $4.0m, net assets of $5.0m.