Cooperative Business Assistance Corporation

Analysis

Cooperative Business Assistance Corporation is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in July 1988, 38 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 June 2024, Cooperative Business Assistance Corporation reported income of $2.8m and spending of $2.5m, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.9m to $2.8m (+48%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 128%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cooperative Business Assistance Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Greater New Orleans Development Foundation ($2.8m), Los Angeles Neighborhood Initiative ($2.8m) and Riverworks Development Corporation ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 63% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $337k (13% of expenses). Other salaries and wages came to $713k. At year end it held assets of $26.2m against liabilities of $13.7m, net assets of $12.5m. It reported 10 employees.