Coastal Education and Research Foundation Inc

Analysis

Coastal Education and Research Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2020, 6 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 2024, Coastal Education and Research Foundation Inc reported income of $312k and spending of $487k, spending 156% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.1m to $312k (-71%), an average of -27% a year. The sharpest change came in the year to June 2022, when income dropped by 53%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coastal Education and Research Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($312k), Sanatoga Fire Co of Sanatoga Pa ($312k) and Puffer Child Care Center ($312k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $256k (53% of expenses). At year end it held assets of $1.1m against liabilities of $154, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.