Coastal Bend College Foundation

Analysis

Coastal Bend College Foundation is a registered charity in United States, based in Beeville, TX. It received its IRS tax-exemption ruling in June 2003, 23 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 August 2023, Coastal Bend College Foundation reported income of $323k and spending of $56k, leaving 83% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $271k to $323k (+19%), an average of +4.5% a year. The sharpest change came in the year to August 2022, when income dropped by 114%. Over the whole period it spent 39% 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 College Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include International Friendship Ministries Inc ($323k), Ugc Foundation Inc ($323k) and First Weber Foundation Inc ($323k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $2.6m against liabilities of $4,114, net assets of $2.6m.