Something Cool Incorporated

Analysis

Something Cool Incorporated is a registered charity in United States, based in McGregor, MN. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Something Cool Incorporated reported income of $208k and spending of $193k, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $96k to $208k (+117%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Something Cool Incorporated sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Child Wellness Institute Inc ($208k), Claremont After-School Programs Inc ($209k) and Purpose Learning Lab the Premier Drop-In Studio ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $60k. At year end it held assets of $37k against liabilities of $12k, net assets of $25k.