Cocodrilo Development Corporation

Analysis

Cocodrilo Development Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cocodrilo Development Corporation reported income of $285k and spending of $311k, spending 109% of what it took in. Across the 6 years on record, from June 2020 to June 2024, income grew from $189k to $285k (+51%), an average of +8.6% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cocodrilo Development Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include BHCS an Oregon Non-Profit Corporation ($285k), Yosemite-Wawona Elementary Charter School ($286k) and Teen Leadership Corps ($285k).

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 $6.0m against liabilities of $1.7m, net assets of $4.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.