Coles Victory Lap

Analysis

Coles Victory Lap is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Coles Victory Lap reported income of $467k and spending of $32k, leaving 93% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $140k to $467k (+233%), an average of +233% a year. The sharpest change came in the year to December 2023, when income rose by 233%. Over the whole period it spent 7.0% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Coles Victory Lap sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within SC. Charities of a similar size with the same main cause include Youtherapy Psychological Services Inc ($467k), Hope for Soky ($467k) and No Limits Eastern Shore ($467k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $572k against liabilities of $6,895, net assets of $565k.