Cocumscussoc Association

Analysis

Cocumscussoc Association is a registered charity in United States, based in N Kingstown, RI. It received its IRS tax-exemption ruling in January 1950, 76 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cocumscussoc Association reported income of $89k and spending of $123k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $60k to $89k (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cocumscussoc Association sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 29th percentile within RI. Charities of a similar size with the same main cause include Lucy K Henriques TR ($89k), Society of American Military Engineers ($89k) and Southern Nevada Gem and Mineral Society ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 117% and program service revenue 8.5% of the total. Other salaries and wages came to $9,450. At year end it held assets of $1.2m against liabilities of $9,506, net assets of $1.2m. It reported 1 employees.