Cothoa Luncheon Club Inc

Analysis

Cothoa Luncheon Club Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1977, 49 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cothoa Luncheon Club Inc reported income of $2.3m and spending of $2.0m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.3m (+56%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cothoa Luncheon Club Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Summit Support Services of Ashe Inc ($2.3m), James River Senior Citizens Center Inc ($2.3m) and Maple Valley Food Bank and Emergency Services ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $933k. At year end it held assets of $1.1m against liabilities of $722k, net assets of $343k. It reported 20 employees.