Copperhead Charities Inc

Analysis

Copperhead Charities Inc is a registered charity in United States, based in Palm Harbor, FL. It received its IRS tax-exemption ruling in December 1983, 43 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Copperhead Charities Inc reported income of $16.4m and spending of $16.3m, spending 100% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $7.6m to $16.4m (+116%), an average of +29% a year. The sharpest change came in the year to May 2021, when income rose by 63%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Copperhead Charities 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 FL. Charities of a similar size with the same main cause include United Way of Central Florida Inc ($16.4m), Chautauqua Foundation Inc ($16.4m) and Jewish Community Foundation of Greater Phoenix ($16.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 35% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $809k (5.0% of expenses). Other salaries and wages came to $661k. At year end it held assets of $5.6m against liabilities of $3.0m, net assets of $2.6m. It reported 13 employees.