Cornucopia Inc

Analysis

Cornucopia Inc is a registered charity in United States, based in Euclid, OH. It received its IRS tax-exemption ruling in April 1976, 50 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, Cornucopia Inc reported income of $280k and spending of $414k, spending 148% of what it took in. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 122% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cornucopia Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Alliance for Rural Impact ($280k), Mount Vernon Downtown Association ($280k) and Invest Buffalo Niagara Foundation Inc ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Other salaries and wages came to $261k. At year end it held assets of $664k against liabilities of $697k, net assets of -$33k.