Coffee for Good Inc

Analysis

Coffee for Good Inc is a registered charity in United States, based in Greenwich, CT. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Coffee for Good Inc reported income of $617k and spending of $571k, spending 93% of its income. Across the 2 years on record, from June 2021 to June 2023, income grew from $323k to $617k (+91%), an average of +91% a year. The sharpest change came in the year to June 2023, when income rose by 91%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Coffee for Good Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Junior League of Dallas Centennial Endowment Foundation ($617k), 100 Men of Blue Hill ($617k) and Near South Planning Board ($616k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. At year end it held assets of $459k against liabilities of $40k, net assets of $419k. It reported 31 employees.