Coracle

Analysis

Coracle is a registered charity in United States, based in Quicksburg, VA. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Coracle reported income of $850k and spending of $1.1m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $520k to $850k (+63%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Coracle sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Kansas State Fire Fighters Association Inc ($850k), Bishop Gray Retirement Foundation Inc ($850k) and First Love Ministries USA ($850k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $230k (21% of expenses). Other salaries and wages came to $421k. At year end it held assets of $423k against liabilities of $13k, net assets of $411k. It reported 16 employees.