Coates Ministries Inc

Analysis

Coates Ministries Inc is a registered charity in United States, based in West Bend, IA. It received its IRS tax-exemption ruling in April 1997, 29 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, Coates Ministries Inc reported income of $1.1m and spending of $941k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $416k to $1.1m (+167%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Coates Ministries Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within IA. Charities of a similar size with the same main cause include Soul Restoration Project ($1.1m), Project 2411 Ministries ($1.1m) and Sephardic Community Alliance ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (7.9% of expenses). At year end it held assets of $501k against liabilities of $0, net assets of $501k. It reported 1 employees.