Freeport Area Church Cooperative

Analysis

Freeport Area Church Cooperative is a registered charity in United States, based in Freeport, IL. It received its IRS tax-exemption ruling in November 1973, 53 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 2022, Freeport Area Church Cooperative reported income of $422k and spending of $586k, spending 139% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $524k to $422k (-19%), an average of -6.9% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Freeport Area Church Cooperative sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Middlesex Valley Volunteer Ambulance Service Inc C O George M ($422k), Diaper Alliance Inc ($422k) and Assyrian Church of the East Relief Organization ($422k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $244k. At year end it held assets of $456k against liabilities of $2,389, net assets of $453k. It reported 14 employees.