Coastal Seniors Inc

Analysis

Coastal Seniors Inc is a registered charity in United States, based in Point Arena, CA. It received its IRS tax-exemption ruling in September 1983, 43 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Coastal Seniors Inc reported income of $777k and spending of $505k, leaving 35% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $601k to $777k (+29%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 321%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coastal Seniors Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Central Pennsylvania Christian Institute Inc ($777k), Amateur Athletic Union of the United States Inc ($777k) and Kids Kountry Learning Center Limited ($776k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $95k (19% of expenses). Other salaries and wages came to $212k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 18 employees.