Cool Classics Inc

Analysis

Cool Classics Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 2023, Cool Classics Inc reported income of $88k and spending of $56k, leaving 36% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $37k to $88k (+136%), an average of +136% a year. The sharpest change came in the year to June 2023, when income rose by 136%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Cool Classics Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include New York State Science & Engineering Fair Inc ($88k), Chester Basketball Inc ($88k) and Tioga All Sports Booster Club ($88k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $98k against liabilities of $17k, net assets of $81k.