Saugatuck Cooperative Inc

Analysis

Saugatuck Cooperative Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in July 2002, 24 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 2023, Saugatuck Cooperative Inc reported income of $536k and spending of $482k, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $359k to $536k (+50%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 78%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Saugatuck Cooperative Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include Northwest Montana Community Land Trust Inc ($536k), Greenbean Ventures ($536k) and Loveland RHF Housing Inc ($536k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.9% and program service revenue 96% of the total. Other salaries and wages came to $33k. At year end it held assets of $3.1m against liabilities of $15k, net assets of $3.1m. It reported 1 employees.