Coos Bay Rail Line Inc

Analysis

Coos Bay Rail Line Inc is a registered charity in United States, based in Coos Bay, OR. It received its IRS tax-exemption ruling in August 2019, 7 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Coos Bay Rail Line Inc reported income of $4.0m and spending of $4.8m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.0m (+24%), an average of +5.6% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 105% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Coos Bay Rail Line 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 91st percentile, and in the 92nd percentile within OR. Charities of a similar size with the same main cause include Memphis Jewish Federation ($4.0m), Harrison County Community Foundation Inc ($4.0m) and The American Foundation for Charitable Support Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 94% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $705k against liabilities of $1.6m, net assets of -$877k. It reported 24 employees.