Cola Inc

Analysis

Cola Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2023, Cola Inc reported income of $13.1m and spending of $12.6m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $12.5m to $13.1m (+4.5%), an average of +1.5% a year. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cola Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Peckham Diversified ($13.1m), St Joseph Health System Foundation ($13.1m) and Guardian Angels Elim Home Care Inc ($13.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $3.0m (24% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $19.3m against liabilities of $13.3m, net assets of $5.9m. It reported 83 employees.