Coalition Against Poverty in Suffolk Inc

Analysis

Coalition Against Poverty in Suffolk Inc is a registered charity in United States, based in Suffolk, VA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Coalition Against Poverty in Suffolk Inc reported income of $215k and spending of $219k, spending 102% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $172k to $215k (+25%), an average of +25% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coalition Against Poverty in Suffolk Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include Helping Hands Horse Rescue and Equine Therapy Inc ($214k), Old North State Medical Foundation ($215k) and Bethany Home Foundation Inc ($214k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $84k. At year end it held assets of $18k against liabilities of $3,939, net assets of $14k. It reported 6 employees.