Cope Foundation Inc

Analysis

Cope Foundation Inc is a registered charity in United States, based in Melville, NY. It received its IRS tax-exemption ruling in September 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 (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, Cope Foundation Inc reported income of $609k and spending of $438k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $344k to $609k (+77%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cope Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Bread for Life Inc ($609k), Friends of Assist ($609k) and Ft Bend County Child Advocates Endowment Inc ($609k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $95k (22% of expenses). Other salaries and wages came to $180k. It paid $11k in professional fundraising fees. At year end it held assets of $646k against liabilities of $64k, net assets of $582k. It reported 19 employees.