Cooperative Services Inc

Analysis

Cooperative Services Inc is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Cooperative Services Inc reported income of $363k and spending of $349k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.8m to $363k (-97%), an average of -59% a year. The sharpest change came in the year to June 2020, when income dropped by 97%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cooperative Services Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include HFL Vanowen Apartments ($362k), Phased in ($363k) and Crabtree Apartments Inc ($362k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $6.0m against liabilities of $1.8m, net assets of $4.2m.