Coastal Horizons Center Inc

Analysis

Coastal Horizons Center Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in March 1971, 55 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Coastal Horizons Center Inc reported income of $62.6m and spending of $63.8m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.3m to $62.6m (+77%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Coastal Horizons Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include The Silvercrest Center for Nursing and Rehabilitation ($62.6m), Acadia General Hospital Inc ($62.6m) and Oneshare Health LLC ($62.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $419k (0.7% of expenses). Other salaries and wages came to $33.0m. At year end it held assets of $19.2m against liabilities of $7.9m, net assets of $11.2m. It reported 832 employees.