Independence Cooperative Nursery

Analysis

Independence Cooperative Nursery is a registered charity in United States, based in Independence, OH. It received its IRS tax-exemption ruling in June 1968, 58 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Independence Cooperative Nursery reported income of $115k and spending of $81k, leaving 29% of income unspent that year. Across the 2 years on record, from May 2022 to May 2023, income grew from $78k to $115k (+47%), an average of +47% a year. The sharpest change came in the year to May 2023, when income rose by 47%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Independence Cooperative Nursery sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Ivy Educational and Charitable Foundation of Houston Inc ($115k), Nicholas J Sacco Foundation Inc ($115k) and Hospice Friends ($115k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 57% and program service revenue 36% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.