Sault Ste Marie Cooperative Nursery Inc

Analysis

Sault Ste Marie Cooperative Nursery Inc is a registered charity in United States, based in Sault S Marie, MI. It received its IRS tax-exemption ruling in July 1974, 52 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 2024, Sault Ste Marie Cooperative Nursery Inc reported income of $128k and spending of $162k, spending 126% of what it took in. Across the 3 years on record, from May 2022 to May 2024, income fell from $266k to $128k (-52%), an average of -30% a year. The sharpest change came in the year to May 2024, when income dropped by 46%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sault Ste Marie Cooperative Nursery Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within MI. Charities of a similar size with the same main cause include Heights Emergency Food Center Inc ($128k), McAllen Community Concert Association ($128k) and Boothbay Region Historical Society ($128k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 0.2% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $33k (20% of expenses). Other salaries and wages came to $88k. At year end it held assets of $432k against liabilities of $2,962, net assets of $429k. It reported 6 employees.