Coral Springs Community Chest Inc

Analysis

Coral Springs Community Chest Inc is a registered charity in United States, based in Coral Springs, FL. It received its IRS tax-exemption ruling in November 1989, 37 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 September 2023, Coral Springs Community Chest Inc reported income of $59k and spending of $69k, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $80k to $59k (-26%), an average of -7.4% a year. The sharpest change came in the year to September 2023, when income rose by 134%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Coral Springs Community Chest Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 26th percentile within FL. Charities of a similar size with the same main cause include Hazel Evans Trust ($59k), Eunice Zearing TR Fbo City of Princeton ($59k) and West Point Community Foundation Inc ($59k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.