Cooper Square Community Development Committee Inc

Analysis

Cooper Square Community Development Committee Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1968, 58 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Cooper Square Community Development Committee Inc reported income of $964k and spending of $1.3m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $824k to $964k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 117%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cooper Square Community Development Committee Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Crossroads Industries Inc ($963k), Rogers Park Community Council ($965k) and Urban Erie Community Development Corporation ($962k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $85k (6.6% of expenses). Other salaries and wages came to $706k. At year end it held assets of $1.5m against liabilities of $117k, net assets of $1.4m. It reported 16 employees.