Cocoa360 Fund

Analysis

Cocoa360 Fund is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in February 2016, 10 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, Cocoa360 Fund reported income of $422k and spending of $303k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $422k (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 84%. 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, Cocoa360 Fund sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include LA Luz Organization ($422k), Fort Myer Thrift Shop ($422k) and Assistance League of Fullerton Ca ($422k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $2,500 (0.8% of expenses). At year end it held assets of $138k against liabilities of $0, net assets of $138k.