Coronado Fourth of July

Analysis

Coronado Fourth of July is a registered charity in United States, based in Coronado, CA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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 September 2023, Coronado Fourth of July reported income of $254k and spending of $217k, spending 85% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $184k to $254k (+38%), an average of +38% a year. The sharpest change came in the year to September 2023, when income rose by 38%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coronado Fourth of July sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Idaho Veterans Home Veterans Nursing Home Assistance League Inc ($254k), North Clinton Avenue Church of Chri St ($254k) and Mid Atlantic Food Trade Organization Inc ($254k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $60k against liabilities of $6,050, net assets of $54k.