Copley Ventures Inc

Analysis

Copley Ventures Inc is a registered charity in United States, based in Aurora, IL. It received its IRS tax-exemption ruling in December 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Copley Ventures Inc reported income of $4.5m and spending of $4.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.6m to $4.5m (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2020, when income dropped by 21%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Copley Ventures Inc 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 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include Methodist Family Health Foundation Inc ($4.5m), Short Grass Community Health Center Inc ($4.5m) and Region Six Alcohol and Drug Abuse Corp ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 105% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $37.4m against liabilities of $52.7m, net assets of -$15.2m. It reported 143 employees.