Coai Inc

Analysis

Coai Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Coai Inc reported income of $321k and spending of $319k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $866k to $321k (-63%), an average of -22% a year. The sharpest change came in the year to June 2022, when income dropped by 46%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Coai Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 46th percentile within PR. Charities of a similar size with the same main cause include Logan County Economic Development Corporation ($321k), Fort Recovery Ambassador Club Inc ($321k) and Blues to Green Inc ($320k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $34k (11% of expenses). Other salaries and wages came to $15k. At year end it held assets of $93k against liabilities of $48k, net assets of $45k. It reported 8 employees.