Codeart Inc

Analysis

Codeart Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Codeart Inc reported income of $679k and spending of $577k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $316k to $679k (+115%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Codeart Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Boys & Girls Club of Lewis County ($679k), Ladies Auxiliary of the Boys & Girls Clubs of Arlington Inc ($680k) and Boys & Girls Club of the Greater West Plains Area ($679k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $80k (14% of expenses). Other salaries and wages came to $183k. At year end it held assets of $422k against liabilities of $58k, net assets of $363k. It reported 4 employees.