The Coalition for College Cost Savings

Analysis

The Coalition for College Cost Savings is a registered charity in United States, based in Versailles, KY. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Coalition for College Cost Savings reported income of $2.4m and spending of $2.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $2.4m (-2.0%), an average of -0.5% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Coalition for College Cost Savings sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include Monroe County Education Foundation Inc ($2.4m), Mississippi State University Alumni Inc ($2.4m) and Carters Christian Academy Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $675k (27% of expenses). Other salaries and wages came to $8,272. At year end it held assets of $1.1m against liabilities of $316k, net assets of $759k.