Cool Cooperative Inc

Analysis

Cool Cooperative Inc is a registered charity in United States, based in New Orlands, LA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cool Cooperative Inc reported income of $423k and spending of $422k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $54k to $423k (+691%), an average of +68% a year. The sharpest change came in the year to December 2020, when income rose by 408%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cool Cooperative Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within LA. Charities of a similar size with the same main cause include Artistico ($423k), Athol-Orange Community Television Inc ($424k) and Sacred Heart Cultural Center Inc ($423k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $85k (20% of expenses). Other salaries and wages came to $188k. At year end it held assets of $276k against liabilities of $0, net assets of $276k. It reported 43 employees.