Coc Benevolent Fund Inc
Coc Benevolent Fund Inc experiences significant year-over-year financial volatility with inconsistent revenue and expense patterns.
EIN: 204092280 · Melber, KY · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $201K |
| Total Expenses | $977K |
| Program Spending | 80% |
| Net Assets | $1.3M |
| Transparency Score | 70/100 |
Is Coc Benevolent Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Coc Benevolent Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Coc Benevolent Fund Inc
Coc Benevolent Fund Inc (EIN: 204092280) is a nonprofit organization based in Melber, KY, classified under NTEE code P60. The organization reported total revenue of $201K and total assets of $801K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coc Benevolent Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coc Benevolent Fund Inc is a small nonprofit that has been operating for 20 years, with 5 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $381K |
| Total Expenses | $977K |
| Surplus / Deficit | $-596,010 |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | -156.5% |
| Months of Reserves | 16.5 months |
Financial Health Grade: B
In 2023, Coc Benevolent Fund Inc reported a deficit of $596K with expenses exceeding revenue, holds 16.5 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2011–2023), Coc Benevolent Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.9% | +35.2% | -30.7% |
| 2022 | +2.7% | +483.2% | +38.8% |
| 2021 | +1010.4% | +26.1% | +379.5% |
| 2020 | +140.6% | +380.3% | +82.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Coc Benevolent Fund Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Coc Benevolent Fund Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $596K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers receive salaries, which is highly favorable for donor perception and suggests a volunteer-led leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Coc Benevolent Fund Inc's IRS 990 filings:
- Significant financial deficit in 2023 ($976,763 expenses vs. $380,753 revenue)
- High volatility in annual revenue and expenses, making financial forecasting difficult
- Lack of detailed expense breakdown in provided data to assess program efficiency accurately
Strengths
The following positive indicators were identified for Coc Benevolent Fund Inc:
- Consistently reports 0% officer compensation, indicating volunteer leadership
- Significant growth in assets over the long term, from $159,959 in 2011 to $1,345,880 in 2023
- No reported liabilities across all available filings, suggesting a debt-free operation
Frequently Asked Questions about Coc Benevolent Fund Inc
Is Coc Benevolent Fund Inc a legitimate charity?
Coc Benevolent Fund Inc (EIN: 204092280) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 70/100. It has 5 years of IRS 990 filings on record. Total revenue: $201K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Coc Benevolent Fund Inc spend its money?
Coc Benevolent Fund Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Coc Benevolent Fund Inc tax-deductible?
Coc Benevolent Fund Inc is registered as a tax-exempt nonprofit (EIN: 204092280). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Coc Benevolent Fund Inc's spending goes to programs?
Coc Benevolent Fund Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Coc Benevolent Fund Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Coc Benevolent Fund Inc is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Coc Benevolent Fund Inc located?
Coc Benevolent Fund Inc is headquartered in Melber, Kentucky and files with the IRS under EIN 204092280. It is classified under NTEE code P60.
How many years of IRS 990 filings does Coc Benevolent Fund Inc have?
Coc Benevolent Fund Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $201K in total revenue.
Is Coc Benevolent Fund Inc a good charity?
Coc Benevolent Fund Inc exhibits strong points like zero officer compensation and significant asset growth. However, the extreme volatility in revenue and expenses, particularly the large deficit in 2023 where expenses were more than double revenue, raises concerns about financial stability and consistent program delivery. A deeper understanding of their program impact and expense allocation is needed for a definitive answer.
What caused the large expense increase in 2023?
The provided data shows expenses increased to $976,763 in 2023 from $722,583 in 2022, while revenue dropped significantly. Without detailed expense categories from the 990, it's impossible to pinpoint the exact cause, but it suggests either a major program expansion, unexpected operational costs, or a significant one-time expenditure.
How does the organization manage its assets?
The organization has seen substantial asset growth, from $159,959 in 2011 to $1,345,880 in 2023, peaking at $1,941,890 in 2022. This indicates effective asset accumulation, but the recent decline from 2022 to 2023 suggests assets may have been used to cover the operational deficit or were subject to market fluctuations.
Filing History
IRS 990 filing history for Coc Benevolent Fund Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2023), Coc Benevolent Fund Inc's revenue has grown by 726.1%, moving from $46K to $381K. Total assets increased by 741.4% over the same period, from $160K to $1.3M. Total functional expenses rose by 4674.7%, from $20K to $977K. In its most recent filing year (2023), Coc Benevolent Fund Inc reported a deficit of $596K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $381K | $977K | $1.3M | $0 | — | — |
| 2022 | $1.3M | $723K | $1.9M | $0 | — | View 990 |
| 2021 | $1.2M | $124K | $1.4M | $0 | — | View 990 |
| 2020 | $111K | $98K | $292K | $0 | — | View 990 |
| 2011 | $46K | $20K | $160K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $381K, expenses of $977K, and assets of $1.3M (revenue -69.9% year-over-year).
- 2022: Revenue of $1.3M, expenses of $723K, and assets of $1.9M (revenue +2.7% year-over-year).
- 2021: Revenue of $1.2M, expenses of $124K, and assets of $1.4M (revenue +1010.4% year-over-year).
- 2020: Revenue of $111K, expenses of $98K, and assets of $292K (revenue +140.6% year-over-year).
- 2011: Revenue of $46K, expenses of $20K, and assets of $160K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coc Benevolent Fund Inc:
Data Sources and Methodology
This transparency report for Coc Benevolent Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.