Family Cooperative Inc

Analysis

Family Cooperative Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2024, Family Cooperative Inc reported income of $1.5m and spending of $1.5m, spending 97% of its income. Across the 6 years on record, from July 2019 to July 2024, income grew from $819k to $1.5m (+89%), an average of +14% a year. The sharpest change came in the year to July 2024, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Cooperative Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Catholic Social Services of the U P ($1.5m), Tiphne Darshay Hollis Foundation ($1.5m) and Saviour USA - One World Charity ($1.5m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $232k (16% of expenses). Other salaries and wages came to $807k. At year end it held assets of $1.4m against liabilities of $950k, net assets of $432k. It reported 25 employees.