Coracle
EIN: 454838296 · Quicksburg, VA · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Net Assets | $411K |
Is Coracle Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Coracle
Coracle (EIN: 454838296) is a nonprofit organization based in Quicksburg, VA, classified under NTEE code X20. The organization reported total revenue of $1.0M and total assets of $312K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coracle's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coracle is a mid-size nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 22.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $850K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-261,635 |
| Total Assets | $423K |
| Total Liabilities | $13K |
| Net Assets | $411K |
| Operating Margin | -30.8% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 4.6 months |
Financial Health Grade: B
In 2023, Coracle reported a deficit of $262K with expenses exceeding revenue, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Coracle's revenue has grown at a compound annual growth rate (CAGR) of 22.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.1% | +19.2% | -37.3% |
| 2022 | -14.9% | +11.8% | -11.3% |
| 2021 | +29.0% | +20.0% | +11.5% |
| 2020 | +48.7% | +56.6% | +33.1% |
| 2019 | +15.5% | +29.9% | +16.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Coracle has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Coracle with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $262K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.0%.
Frequently Asked Questions about Coracle
Is Coracle a legitimate charity?
Based on AI analysis of IRS 990 filings, Coracle (EIN: 454838296) insufficient data. 0 red flags identified, 0 strengths noted.
How does Coracle spend its money?
Detailed spending breakdown data is not yet available for Coracle. Check back for updated IRS 990 analysis.
Are donations to Coracle tax-deductible?
Coracle is registered as a tax-exempt nonprofit (EIN: 454838296). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Coracle located?
Coracle is headquartered in Quicksburg, Virginia and files with the IRS under EIN 454838296. It is classified under NTEE code X20.
How many years of IRS 990 filings does Coracle have?
Coracle has 12 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 $1.0M in total revenue.
Filing History
IRS 990 filing history for Coracle showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Coracle's revenue has grown by 834.4%, moving from $91K to $850K. Total assets increased by 724.9% over the same period, from $51K to $423K. Total functional expenses rose by 1963.6%, from $54K to $1.1M. In its most recent filing year (2023), Coracle reported a deficit of $262K, with expenses exceeding revenue. The organization holds $13K in liabilities against $423K in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $411K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $850K | $1.1M | $423K | $13K | — | View 990 |
| 2022 | $850K | $933K | $675K | $3K | — | — |
| 2021 | $998K | $834K | $761K | $6K | — | View 990 |
| 2020 | $773K | $695K | $683K | $91K | — | View 990 |
| 2019 | $520K | $444K | $513K | $315 | — | View 990 |
| 2018 | $450K | $342K | $440K | $3K | — | View 990 |
| 2017 | $369K | $300K | $328K | $157 | — | View 990 |
| 2016 | $297K | $240K | $258K | $0 | — | View 990 |
| 2015 | $230K | $185K | $201K | $94 | — | View 990 |
| 2014 | $178K | $133K | $156K | $0 | — | View 990 |
| 2013 | $139K | $80K | $111K | $0 | — | View 990 |
| 2012 | $91K | $54K | $51K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $850K, expenses of $1.1M, and assets of $423K (revenue +0.1% year-over-year).
- 2022: Revenue of $850K, expenses of $933K, and assets of $675K (revenue -14.9% year-over-year).
- 2021: Revenue of $998K, expenses of $834K, and assets of $761K (revenue +29.0% year-over-year).
- 2020: Revenue of $773K, expenses of $695K, and assets of $683K (revenue +48.7% year-over-year).
- 2019: Revenue of $520K, expenses of $444K, and assets of $513K (revenue +15.5% year-over-year).
- 2018: Revenue of $450K, expenses of $342K, and assets of $440K (revenue +21.9% year-over-year).
- 2017: Revenue of $369K, expenses of $300K, and assets of $328K (revenue +24.3% year-over-year).
- 2016: Revenue of $297K, expenses of $240K, and assets of $258K (revenue +29.2% year-over-year).
- 2015: Revenue of $230K, expenses of $185K, and assets of $201K (revenue +29.3% year-over-year).
- 2014: Revenue of $178K, expenses of $133K, and assets of $156K (revenue +27.6% year-over-year).
- 2013: Revenue of $139K, expenses of $80K, and assets of $111K (revenue +53.2% year-over-year).
- 2012: Revenue of $91K, expenses of $54K, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coracle:
Data Sources and Methodology
This transparency report for Coracle 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.