Coltrane L I F E Center Inc

Analysis

Coltrane L I F E Center Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in November 1978, 48 years ago. 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, Coltrane L I F E Center Inc reported income of $1.0m and spending of $978k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $977k to $1.0m (+7.2%), an average of +1.7% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coltrane L I F E Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within NC. Charities of a similar size with the same main cause include Transformations by Austin Angels ($1.0m), Gods Word to the Nations Mission Society ($1.0m) and Nutrition & Health Associates Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $127k (13% of expenses). Other salaries and wages came to $504k. At year end it held assets of $1.5m against liabilities of $50k, net assets of $1.4m. It reported 34 employees.