Live Coal

Analysis

Live Coal is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Live Coal reported income of $179k and spending of $230k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $179k (+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 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Live Coal 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 51st percentile, and in the 51st percentile within MI. Charities of a similar size with the same main cause include LA Conexion de Wood County ($179k), Gresham Historical Society ($179k) and New York State Ballet Corp ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 2.1% of the total. At year end it held assets of $54k against liabilities of $7,209, net assets of $46k.