Cohoes Connect Project

Analysis

Cohoes Connect Project is a registered charity in United States, based in Cohoes, NY. It received its IRS tax-exemption ruling in May 2013, 13 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cohoes Connect Project reported income of $262k and spending of $267k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $173k to $262k (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Cohoes Connect Project sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Pathway 2 Success ($262k), Rainier Volleyball Club ($262k) and Little League Baseball Inc ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $68k. It paid $5,716 in professional fundraising fees. At year end it held assets of $248k against liabilities of $27k, net assets of $221k.