Coggon Community Memorial Foundation

Analysis

Coggon Community Memorial Foundation is a registered charity in United States, based in Coggon, IA. It received its IRS tax-exemption ruling in October 2001, 25 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Coggon Community Memorial Foundation reported income of $99k and spending of $584k, spending 591% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $28k to $99k (+249%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 1684%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Coggon Community Memorial Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within IA. Charities of a similar size with the same main cause include Turning Point Community Center Inc ($99k), Junior League of Galveston County Inc ($99k) and Sacramento Bicycle Kitchen ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.