Cofem

Analysis

Cofem is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2006, 20 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 December 2023, Cofem reported income of $767k and spending of $1.1m, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $565k to $767k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 86%. 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, Cofem sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Alices Place Inc ($767k), Asbury Day Care Center Inc ($767k) and Westchester Childrens Association Inc ($767k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $93k (8.8% of expenses). Other salaries and wages came to $490k. At year end it held assets of $2.0m against liabilities of $69k, net assets of $1.9m. It reported 19 employees.