Cooperative Elder Services Inc

Analysis

Cooperative Elder Services Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in October 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cooperative Elder Services Inc reported income of $2.6m and spending of $2.1m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.2m to $2.6m (-19%), an average of -5.1% a year. The sharpest change came in the year to June 2022, when income rose by 111%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cooperative Elder Services Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Feed Em Freedom ($2.6m), Kandiyohi County Area Family Young Mens Christian Association ($2.6m) and Manna Food Bank Incorporated ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $140k (6.7% of expenses). Other salaries and wages came to $827k. At year end it held assets of $2.9m against liabilities of $131k, net assets of $2.8m. It reported 39 employees.