Cots

Analysis

Cots is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 1983, 43 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, Cots reported income of $8.2m and spending of $8.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.1m to $8.2m (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2020, when income dropped by 35%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cots sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Preservation Housing Inc ($8.2m), Region XII Council of Governments Inc ($8.2m) and New Samaritan Corporation Inc ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $631k (7.5% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $26.4m against liabilities of $2.0m, net assets of $24.4m. It reported 76 employees.