Cocoon Shelter

Analysis

Cocoon Shelter is a registered charity in United States, based in Bowling Green, OH. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cocoon Shelter reported income of $2.2m and spending of $1.8m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.2m (+79%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cocoon Shelter sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within OH. Charities of a similar size with the same main cause include Green Acres Regional Center Inc ($2.2m), Pappalardo Alternative Placements Inc ($2.2m) and West Central Illinois Nutrition Project Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $88k (4.9% of expenses). Other salaries and wages came to $866k. At year end it held assets of $6.4m against liabilities of $1.3m, net assets of $5.1m. It reported 34 employees.