Coicom Inc

Analysis

Coicom Inc is a registered charity in United States, based in Pinecrest, FL. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Coicom Inc reported income of $174k and spending of $160k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $174k (+94%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Coicom 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 51st percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Global Mission Mobilization Initiative Inc ($174k), Casa de Restauracion LA Gloria de Dios ($174k) and Or Hageulah ($174k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.