Cool Islam Corporation

Analysis

Cool Islam Corporation is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in September 2016, 10 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, Cool Islam Corporation reported income of $478k and spending of $498k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $320k to $478k (+50%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cool Islam Corporation 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 69th percentile, and in the 69th percentile within OR. Charities of a similar size with the same main cause include Maine Resilience Building Network ($478k), Academy of Certified Portfolio Managers ($478k) and Practice Transformation Institute ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $102k against liabilities of $0, net assets of $102k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.