Courage International Inc

Analysis

Courage International Inc is a registered charity in United States, based in Trumbull, CT. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, Courage International Inc reported income of $760k and spending of $798k, spending 105% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $701k to $760k (+8.3%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Courage International Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Arbor Hill Development Corporation ($760k), Eyota Kids Korner ($760k) and Open Your Hearts to the Hungry and Homeless ($760k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $17k (2.1% of expenses). Other salaries and wages came to $418k. At year end it held assets of $1.7m against liabilities of $25k, net assets of $1.7m. It reported 8 employees.