Norfolk Cooperative Primary Inc

Analysis

Norfolk Cooperative Primary Inc is a registered charity in United States, based in Norfolk, MA. It received its IRS tax-exemption ruling in November 1979, 47 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Norfolk Cooperative Primary Inc reported income of $537k and spending of $472k, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $316k to $537k (+70%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Norfolk Cooperative Primary Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Denver Earth Resources Library ($536k), Great Plains Safety Health and Environmental Organization ($537k) and Associated Students of Glendale Community College ($536k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $146k (31% of expenses). Other salaries and wages came to $167k. At year end it held assets of $285k against liabilities of $110k, net assets of $175k. It reported 9 employees.