Coolxdad Inc

Analysis

Coolxdad Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 February 2024, Coolxdad Inc reported income of $146k and spending of $137k, spending 94% of its income. Across the 2 years on record, from February 2023 to February 2024, income fell from $237k to $146k (-38%), an average of -38% a year. The sharpest change came in the year to February 2024, when income dropped by 38%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Coolxdad Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Ashleys Angels Inc ($146k), Orion Title 1 Community Development ($146k) and Minnesota Furs ($146k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.