Cooperative for Human Services Inc

Analysis

Cooperative for Human Services Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in December 1982, 44 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 for Human Services Inc reported income of $37.5m and spending of $37.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.2m to $37.5m (+69%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cooperative for Human Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Masonic Homes of California ($37.5m), Family Services Inc ($37.6m) and Elwyn New Jersey ($37.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $410k (1.1% of expenses). Other salaries and wages came to $24.0m. At year end it held assets of $20.4m against liabilities of $11.4m, net assets of $8.9m. It reported 576 employees.