Coal City Colts Inc

Analysis

Coal City Colts Inc is a registered charity in United States, based in Coal City, WV. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Coal City Colts Inc reported income of $54k and spending of $38k, leaving 30% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $9,420 to $54k (+472%), an average of +79% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Coal City Colts Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within WV. Charities of a similar size with the same main cause include Boys & Girls Clubs of the Central Coast Foundation ($54k), Jo-Nathan Foundation ($54k) and Wasatch County Junior Livestock Association ($54k).

Compensation of current officers, directors and key employees was $1,855 (4.9% of expenses). At year end it held assets of $71k against liabilities of $0, net assets of $71k.