May Coalition Inc

Analysis

May Coalition Inc is a registered charity in United States, based in Spruce Pine, NC. It received its IRS tax-exemption ruling in August 1992, 34 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, May Coalition Inc reported income of $213k and spending of $162k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $213k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, May Coalition Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Lithuanian Center Inc ($213k), Pennsylvania State Association of County Fairs ($213k) and Sheridan Service Center Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $86k (53% of expenses). At year end it held assets of $3.2m against liabilities of $1.2m, net assets of $2.0m. It reported 1 employees.