Coe College

Analysis

Coe College is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Coe College reported income of $80.0m and spending of $87.2m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $83.2m to $80.0m (-3.8%), an average of -1.0% a year. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Coe College sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IA. Charities of a similar size with the same main cause include Brazos Education Loan Authority Inc ($80.0m), John Brown University ($80.1m) and Cornell College ($79.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.4m (1.5% of expenses). Other salaries and wages came to $15.6m. At year end it held assets of $176.7m against liabilities of $38.1m, net assets of $138.6m. It reported 1,241 employees.