Cooperation Station

Analysis

Cooperation Station is a registered charity in United States, based in Grand Marais, MN. It received its IRS tax-exemption ruling in September 2000, 26 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 December 2023, Cooperation Station reported income of $199k and spending of $196k, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $155k to $199k (+29%), an average of +8.8% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cooperation Station sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within MN. Charities of a similar size with the same main cause include Katy Cares Inc ($199k), Wisconsin Association of Community Services Prog Training Project Inc ($199k) and Diamante Inc ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $44k (23% of expenses). Other salaries and wages came to $79k. At year end it held assets of $266k against liabilities of $948, net assets of $265k. It reported 5 employees.