Co-Nexus Inc

Analysis

Co-Nexus Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Co-Nexus Inc reported income of $105k and spending of $94k, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $92k to $105k (+14%), an average of +2.6% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Co-Nexus Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 45th percentile within MA. Charities of a similar size with the same main cause include Corpus Christi Finance Corporation ($105k), Chrysalis Community Inc ($105k) and Poux Apartments Inc ($105k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $393k against liabilities of $622k, net assets of -$229k.