Coastlands Ministries

Analysis

Coastlands Ministries is a registered charity in United States, based in Moravian FLS, NC. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Coastlands Ministries reported income of $1.6m and spending of $1.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $624k to $1.6m (+160%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 390%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Coastlands Ministries sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Community Interfaith Food Pantry ($1.6m), Orange County Islamic Foundation ($1.6m) and Lama Yeshe Wisdom Archive ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $138k (8.3% of expenses). Other salaries and wages came to $345k. At year end it held assets of $132k against liabilities of $42k, net assets of $90k. It reported 15 employees.