Cole Cares

Analysis

Cole Cares is a registered charity in United States, based in Lansdale, PA. It received its IRS tax-exemption ruling in August 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, Cole Cares reported income of $56k and spending of $31k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $72k to $56k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cole Cares sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within PA. Charities of a similar size with the same main cause include Slovak Academy of Chicago ($56k), Indian Trail School PTO NFP ($56k) and North Schuylkill Elementary Parent-Teacher Organization ($56k).

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 $44k against liabilities of $0, net assets of $44k.