Cocaa Seminole Development Inc

Analysis

Cocaa Seminole Development Inc is a registered charity in United States, based in Shawnee, OK. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2023, Cocaa Seminole Development Inc reported income of $72k and spending of $122k, spending 170% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $60k to $72k (+20%), an average of +6.2% a year. Over the whole period it spent 175% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cocaa Seminole Development Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within OK. Charities of a similar size with the same main cause include Cats & Company ($72k), Rohlffs Manor Eah Inc ($72k) and Fayette Street Project ($72k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Other salaries and wages came to $9,767. At year end it held assets of $847k against liabilities of $1.3m, net assets of -$438k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.