The Cooperage Project

Analysis

The Cooperage Project is a registered charity in United States, based in Honesdale, PA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, The Cooperage Project reported income of $523k and spending of $566k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $523k (+127%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Cooperage Project sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Fredericksburg Area Museum and Cultural Center Inc ($523k), Paaia Fund ($523k) and Beverlys Terrace Plaza Playhouse ($523k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $55k (9.7% of expenses). Other salaries and wages came to $217k. At year end it held assets of $167k against liabilities of $0, net assets of $167k. It reported 17 employees.