Josephs Coat of Central Ohio Inc

Analysis

Josephs Coat of Central Ohio Inc is a registered charity in United States, based in Reynoldsburg, OH. It received its IRS tax-exemption ruling in November 2013, 13 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 December 2023, Josephs Coat of Central Ohio Inc reported income of $1.6m and spending of $1.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Josephs Coat of Central Ohio Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Turtle Island Childrens Center Inc ($1.6m), Simchas Kallah Inc ($1.6m) and Clothes That Work ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $21k. At year end it held assets of $170k against liabilities of $4,242, net assets of $166k. It reported 2 employees.