Edward Taylor Coombs Foundation

Analysis

Edward Taylor Coombs Foundation is a registered charity in United States, based in Horsham, PA. It received its IRS tax-exemption ruling in March 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Edward Taylor Coombs Foundation reported income of $90k and spending of $137k, spending 152% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income fell from $151k to $90k (-40%), an average of -9.8% a year. The sharpest change came in the year to August 2021, when income rose by 68%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Edward Taylor Coombs Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within PA. Charities of a similar size with the same main cause include Pinksocks Life Inc ($90k), Mystic Irish Parade Foundation ($90k) and Friends Of@happily Ever Esther Farm Sanctuary ($90k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 52% of the total. Compensation of current officers, directors and key employees was $3,270 (2.4% of expenses). At year end it held assets of $325k against liabilities of $0, net assets of $325k.