Coastal Community Action Inc

Analysis

Coastal Community Action Inc is a registered charity in United States, based in Newport, NC. It received its IRS tax-exemption ruling in September 1966, 60 years ago. 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 September 2023, Coastal Community Action Inc reported income of $11.5m and spending of $13.9m, spending 121% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $12.8m to $11.5m (-10%), an average of -2.7% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coastal Community Action Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Nreca Research ($11.5m), Practical Farmers of Iowa ($11.5m) and Seattle Childrens Hospital ($11.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 5.0% of the total. Other salaries and wages came to $4.8m. At year end it held assets of $5.5m against liabilities of $2.5m, net assets of $3.1m. It reported 177 employees.