Coats Senior Center Inc

Analysis

Coats Senior Center Inc is a registered charity in United States, based in Coats, NC. It received its IRS tax-exemption ruling in December 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Coats Senior Center Inc reported income of $83k and spending of $72k, spending 86% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $100k to $83k (-16%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coats Senior Center Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within NC. Charities of a similar size with the same main cause include Society of St Vincent de Paul St Maxmillan Kolbe Conference ($83k), New Humanity United Inc ($83k) and Neighbors Helping Neighbors Inc ($83k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 34% of the total. At year end it held assets of $128k against liabilities of $11k, net assets of $116k.