Contractors Safety Council of the Coastal Bend Inc

Analysis

Contractors Safety Council of the Coastal Bend Inc is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Contractors Safety Council of the Coastal Bend Inc reported income of $4.4m and spending of $3.3m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $4.4m (-4.5%), an average of -1.1% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Contractors Safety Council of the Coastal Bend Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Highland Academy Charter School ($4.4m), Cornerstone Christian Academy Inc ($4.4m) and Casa Di Mir Montessori Elementary School ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 81% of the total. Compensation of current officers, directors and key employees was $146k (4.5% of expenses). Other salaries and wages came to $392k. At year end it held assets of $23.7m against liabilities of $3.5m, net assets of $20.2m. It reported 23 employees.