Coserv Charitable Foundation
Coserv Charitable Foundation consistently operates with no executive compensation, directing all funds to its mission.
EIN: 134281766 · Corinth, TX · NTEE: T30 · Updated: 2026-03-28
Is Coserv Charitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Coserv Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Coserv Charitable Foundation
Coserv Charitable Foundation (EIN: 134281766) is a nonprofit organization based in Corinth, TX, classified under NTEE code T30. The organization reported total revenue of $1.9M and total assets of $187K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coserv Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coserv Charitable Foundation is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$119K |
| Total Assets | $299K |
| Total Liabilities | $1K |
| Net Assets | $298K |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 2.1 months |
Financial Health Grade: A
In 2023, Coserv Charitable Foundation reported a surplus of $119K with revenue exceeding expenses, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Coserv Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.7% | -9.1% | +66.9% |
| 2022 | +14.1% | +10.5% | -70.8% |
| 2021 | +12.3% | +43.2% | -2.1% |
| 2020 | -9.9% | -15.1% | +32.2% |
| 2019 | +7.2% | +18.4% | +16.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Coserv Charitable Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Coserv Charitable Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $119K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation has been consistently reported as 0% across all available filings, indicating that no officers receive salaries from the foundation. This is a significant positive, as it means all funds are directed towards the organization's mission and operational costs, rather than executive salaries.
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.
Strengths
The following positive indicators were identified for Coserv Charitable Foundation:
- Consistent 0% officer compensation, maximizing mission impact.
- Strong program spending efficiency due to lack of executive salaries.
- Long and consistent IRS 990 filing history, demonstrating transparency.
- Revenues generally exceed or closely match expenses, indicating financial stability.
- Growing revenue trend over the past decade, suggesting increasing support.
Frequently Asked Questions about Coserv Charitable Foundation
Is Coserv Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Coserv Charitable Foundation (EIN: 134281766) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Coserv Charitable Foundation spend its money?
Coserv Charitable Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Coserv Charitable Foundation tax-deductible?
Coserv Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 134281766). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Coserv Charitable Foundation a good charity?
Based on the available financial data, Coserv Charitable Foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission. Its revenues generally cover expenses, and it maintains a transparent filing history.
How does Coserv Charitable Foundation manage its assets?
The foundation's assets have fluctuated, from a high of $627,335 in 2020 to $186,577 currently. This fluctuation is not necessarily a concern for a grant-making foundation, as assets are often distributed. The latest filing shows assets of $298,993 against liabilities of $1,000, indicating a healthy financial position.
What is the trend in Coserv Charitable Foundation's revenue and expenses?
Over the past decade, Coserv Charitable Foundation has shown a general upward trend in both revenue and expenses, growing from $923,275 in revenue in 2014 to $1,795,783 in 2023. Expenses have largely tracked revenue, indicating consistent program activity.
Filing History
IRS 990 filing history for Coserv Charitable Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Coserv Charitable Foundation's revenue has grown by 136.1%, moving from $761K to $1.8M. Total assets decreased by 45.5% over the same period, from $549K to $299K. Total functional expenses rose by 156.8%, from $653K to $1.7M. In its most recent filing year (2023), Coserv Charitable Foundation reported a surplus of $119K, with revenue exceeding expenses. The organization holds $1K in liabilities against $299K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $298K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.7M | $299K | $1K | — | — |
| 2022 | $1.7M | $1.8M | $179K | $0 | — | View 990 |
| 2021 | $1.4M | $1.7M | $614K | $243K | — | View 990 |
| 2020 | $1.3M | $1.2M | $627K | $36K | — | View 990 |
| 2019 | $1.4M | $1.4M | $475K | $8K | — | View 990 |
| 2018 | $1.3M | $1.2M | $408K | $0 | — | View 990 |
| 2017 | $1.2M | $1.4M | $243K | $12K | — | — |
| 2016 | $1.1M | $1.1M | $462K | $15K | — | View 990 |
| 2015 | $1.0M | $972K | $441K | $11K | — | View 990 |
| 2014 | $923K | $931K | $425K | $44K | — | View 990 |
| 2013 | $862K | $860K | $389K | $0 | — | View 990 |
| 2012 | $794K | $948K | $386K | $0 | — | View 990 |
| 2011 | $761K | $653K | $549K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.7M, and assets of $299K (revenue +8.7% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.8M, and assets of $179K (revenue +14.1% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.7M, and assets of $614K (revenue +12.3% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.2M, and assets of $627K (revenue -9.9% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $475K (revenue +7.2% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $408K (revenue +10.0% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.4M, and assets of $243K (revenue +10.3% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $462K (revenue +7.7% year-over-year).
- 2015: Revenue of $1.0M, expenses of $972K, and assets of $441K (revenue +10.7% year-over-year).
- 2014: Revenue of $923K, expenses of $931K, and assets of $425K (revenue +7.1% year-over-year).
- 2013: Revenue of $862K, expenses of $860K, and assets of $389K (revenue +8.6% year-over-year).
- 2012: Revenue of $794K, expenses of $948K, and assets of $386K (revenue +4.3% year-over-year).
- 2011: Revenue of $761K, expenses of $653K, and assets of $549K.
Data Sources and Methodology
This transparency report for Coserv Charitable Foundation 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.