Cokato Charitable Trust

Analysis

Cokato Charitable Trust is a registered charity in United States, based in Cokato, MN. It received its IRS tax-exemption ruling in October 1983, 43 years ago. 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, Cokato Charitable Trust reported income of $8.1m and spending of $7.2m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $7.8m to $8.1m (+3.6%), an average of +0.9% a year. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cokato Charitable Trust 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 MN. Charities of a similar size with the same main cause include St Michaels School and Nursery Inc ($8.1m), The Thompson Cancer Survival Center ($8.1m) and Wah Mei School ($8.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $201k (2.8% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $9.7m against liabilities of $5.2m, net assets of $4.5m. It reported 172 employees.