Coated in Love

Analysis

Coated in Love is a registered charity in United States, based in Plymouth, MN. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 April 2024, Coated in Love reported income of $228k and spending of $181k, leaving 21% of income unspent that year. Across the 2 years on record, from April 2023 to April 2024, income grew from $161k to $228k (+42%), an average of +42% a year. The sharpest change came in the year to April 2024, when income rose by 42%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coated in Love sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include Brazil Child Health Inc ($228k), Sikh Family Center ($228k) and RCCC Inc ($228k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $103k against liabilities of $5,800, net assets of $97k.