Coastal Plain Area Economic Opportunity Authority Inc

Analysis

Coastal Plain Area Economic Opportunity Authority Inc is a registered charity in United States, based in Valdosta, GA. It received its IRS tax-exemption ruling in October 1975, 51 years ago. Its declared purposes cover community improvement and capacity building, 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 March 2023, Coastal Plain Area Economic Opportunity Authority Inc reported income of $16.9m and spending of $17.1m, spending 101% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $12.8m to $16.9m (+32%), an average of +9.6% a year. The sharpest change came in the year to March 2023, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Coastal Plain Area Economic Opportunity Authority Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Rocky Mountain Community Reinvestment Corporation ($16.9m), Ohio Community Development Finance Fund ($16.9m) and Hill Country Community Action Association Inc ($16.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $185k (1.1% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $2.3m against liabilities of $1.2m, net assets of $1.1m. It reported 258 employees.