Coalescion

Analysis

Coalescion is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Coalescion reported income of $734k and spending of $1.0m, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $628k to $734k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Coalescion sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Deep Creek Baptist Church Preschool ($734k), Association of Christain Teachers & Schools ($734k) and Delaware Futures Inc ($734k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $69k (6.8% of expenses). Other salaries and wages came to $58k. At year end it held assets of $13k against liabilities of $465k, net assets of -$451k. It reported 3 employees.