Coastal Enterprises of Jacksonville Inc

Analysis

Coastal Enterprises of Jacksonville Inc is a registered charity in United States, based in Jacksonville, NC. It received its IRS tax-exemption ruling in October 1981, 45 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 (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, Coastal Enterprises of Jacksonville Inc reported income of $8.7m and spending of $6.7m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.4m to $8.7m (-7.8%), an average of -2.0% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Coastal Enterprises of Jacksonville Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Connect Detroit ($8.7m), Center for People in Need Inc ($8.7m) and Maryland Rural Development Corporation ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $933k (14% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $35.1m against liabilities of $2.7m, net assets of $32.4m. It reported 885 employees.