Coastal Educational Foundation Incorporated

Analysis

Coastal Educational Foundation Incorporated is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in May 1958, 68 years ago. 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 Educational Foundation Incorporated reported income of $5.2m and spending of $3.3m, leaving 37% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.2m to $5.2m (+1.4%), an average of +0.5% a year. The sharpest change came in the year to June 2022, when income rose by 154%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coastal Educational Foundation Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Urban Ministries of Durham Inc ($5.2m), The Enola Group Inc ($5.2m) and Church Finance Corporation ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% of the total. It paid $27k in professional fundraising fees. At year end it held assets of $74.4m against liabilities of $2.2m, net assets of $72.2m.