Coos Economic Development Corporation

Analysis

Coos Economic Development Corporation is a registered charity in United States, based in Lancaster, NH. It received its IRS tax-exemption ruling in January 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Coos Economic Development Corporation reported income of $495k and spending of $349k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $495k (+326%), an average of +44% a year. The sharpest change came in the year to December 2020, when income rose by 416%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Coos Economic Development Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within NH. Charities of a similar size with the same main cause include Toolbank USA Inc ($495k), Somali Senior Resource and Family Services ($495k) and Team Woofgang & Co Inc ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 15% of the total. Other salaries and wages came to $140k. At year end it held assets of $2.6m against liabilities of $300k, net assets of $2.3m. It reported 3 employees.