Cooperative Development Foundation

Analysis

Cooperative Development Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in April 1956, 70 years ago. Its declared purposes cover employment, 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, Cooperative Development Foundation reported income of $1.7m and spending of $2.8m, spending 162% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.7m (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2022, when income rose by 154%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cooperative Development Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 64th percentile within DC. Charities of a similar size with the same main cause include Foundation for Colorado Springs Future Inc ($1.7m), Faith in the Valley ($1.7m) and Mary Harvin Transformation Centercommunity Development Corporation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $108k (3.8% of expenses). Other salaries and wages came to $165k. At year end it held assets of $11.2m against liabilities of $1.1m, net assets of $10.1m.