Cook County Higher Education

Analysis

Cook County Higher Education is a registered charity in United States, based in Grand Marais, MN. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Cook County Higher Education reported income of $721k and spending of $597k, spending 83% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $402k to $721k (+80%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cook County Higher Education sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Historic Third Ward Association Inc ($721k), Apple Community Development Corporation ($722k) and Sherman County Economic Development Inc ($721k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $77k (13% of expenses). Other salaries and wages came to $171k. At year end it held assets of $810k against liabilities of $6,514, net assets of $804k. It reported 4 employees.