Cotter Schools

Analysis

Cotter Schools is a registered charity in United States, based in Winona, MN. It received its IRS tax-exemption ruling in March 1945, 81 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 June 2023, Cotter Schools reported income of $23.8m and spending of $14.7m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $23.8m (+319%), an average of +43% a year. The sharpest change came in the year to June 2022, when income rose by 794%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cotter Schools sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within MN. Charities of a similar size with the same main cause include Wyckoff Family YMCA ($23.8m), Stanley G Falk School ($23.9m) and St Catherines Center for Children ($23.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $444k (3.0% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $98.9m against liabilities of $1.6m, net assets of $97.3m. It reported 309 employees.