Coleman a Young Foundation

Analysis

Coleman a Young Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 1983, 43 years ago. 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, Coleman a Young Foundation reported income of $390k and spending of $446k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $371k to $390k (+5.2%), an average of +1.3% a year. The sharpest change came in the year to December 2023, when income rose by 451%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coleman a Young Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MI. Charities of a similar size with the same main cause include Union Thresherman Inc ($390k), Health Occupations Students of America ($390k) and Rotary District 7300 Foundation ($390k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. Compensation of current officers, directors and key employees was $95k (21% of expenses). Other salaries and wages came to $76k. At year end it held assets of $1.1m against liabilities of $54k, net assets of $1.1m. It reported 3 employees.