Copper Nail

Analysis

Copper Nail is a registered charity in United States, based in Grass Lake, MI. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Copper Nail reported income of $292k and spending of $276k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $293k to $292k (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Copper Nail sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Metro Community Outreach ($292k), Jellybean Island at Crossroads Benson Inc ($292k) and A Place 2 Live Inc ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% of the total. At year end it held assets of $695k against liabilities of $217, net assets of $695k.