Friends of Coochs Bridge Historic Site Inc

Analysis

Friends of Coochs Bridge Historic Site Inc is a registered charity in United States, based in Montchanin, DE. It received its IRS tax-exemption ruling in August 2020, 6 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 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 June 2024, Friends of Coochs Bridge Historic Site Inc reported income of $210k and spending of $486k, spending 231% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $483k to $210k (-57%), an average of -34% a year. The sharpest change came in the year to June 2023, when income dropped by 41%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Coochs Bridge Historic Site Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 50th percentile within DE. Charities of a similar size with the same main cause include Bengal Touchdown Club ($210k), Chortek Weisman Family Foundation ($210k) and Joseph Maffeo Foundation Inc ($210k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $137k against liabilities of $110k, net assets of $28k.