Cool Ministries

Analysis

Cool Ministries is a registered charity in United States, based in Waukegan, IL. It received its IRS tax-exemption ruling in September 1984, 42 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 September 2023, Cool Ministries reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $450k to $1.7m (+286%), an average of +40% a year. The sharpest change came in the year to September 2022, when income rose by 136%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cool Ministries sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include St Vincent de Paul Society of North Central Indiana ($1.7m), Womens Community Justice Association Inc ($1.7m) and United Against Human Trafficking ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 0.6% of the total. Other salaries and wages came to $251k. At year end it held assets of $1.2m against liabilities of $27k, net assets of $1.2m. It reported 9 employees.