Coala Foundation

Analysis

Coala Foundation is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in August 2024, 2 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 (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 2022, Coala Foundation reported income of $55k and spending of $81k, spending 146% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $185k to $55k (-70%), an average of -45% a year. The sharpest change came in the year to December 2021, when income dropped by 68%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Coala Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Elumis Foundation Inc ($55k), Young Irish Fellowship Club of Chicago Charities ($55k) and Chris Ledoux Memorial Foundation ($55k).

On its Form 990-EZ for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $43k against liabilities of $21k, net assets of $21k.