Coates Inc

Analysis

Coates Inc is a registered charity in United States, based in Merrillville, IN. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Coates Inc reported income of $148k and spending of $97k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $148k (+155%), an average of +154% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 66% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Coates Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within IN. Charities of a similar size with the same main cause include Community Theatre for Southwest Missouri ($148k), Wordcrafters in Eugene ($148k) and Batesville Area Arts Council Inc ($148k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.