Eugene M Cole Foundation-Trust

Analysis

Eugene M Cole Foundation-Trust is a registered charity in United States, based in Huntersville, NC. It received its IRS tax-exemption ruling in November 1945, 81 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Eugene M Cole Foundation-Trust reported income of $220k and spending of $221k, spending 100% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $211k to $220k (+4.3%), an average of +1.1% a year. The sharpest change came in the year to November 2023, when income dropped by 22%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Eugene M Cole Foundation-Trust sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Faith in Action of the Greater Kanawha Valley Inc ($220k), Indian Ministries of North America Inc ($220k) and Household of Faith Ministries ($220k).

At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.