Coastal Bend Community Foundation

Analysis

Coastal Bend Community Foundation is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in August 1981, 45 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 (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, Coastal Bend Community Foundation reported income of $18.5m and spending of $11.4m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.4m to $18.5m (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Coastal Bend Community Foundation 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 98th percentile within TX. Charities of a similar size with the same main cause include Jewish Community Center of Greater Kansas City ($18.5m), Vela Education Fund ($18.5m) and Childrens Cancer Research Fund ($18.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Compensation of current officers, directors and key employees was $456k (4.0% of expenses). Other salaries and wages came to $225k. At year end it held assets of $138.7m against liabilities of $12.6m, net assets of $126.2m. It reported 7 employees.