Cool Ground Inc

Analysis

Cool Ground Inc is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in August 2012, 14 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 March 2024, Cool Ground Inc reported income of $260k and spending of $289k, spending 111% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income grew from $156k to $260k (+66%), an average of +66% a year. The sharpest change came in the year to March 2024, when income rose by 66%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cool Ground Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 50th percentile within VT. Charities of a similar size with the same main cause include Triangle Area Telugu Association of North Carolina ($259k), St Vincent de Paul Society-New Bedford District ($260k) and Centro Tepeyac Inc ($259k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $193k. At year end it held assets of $82k against liabilities of $0, net assets of $82k.