Cooperative Ministry

Analysis

Cooperative Ministry is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in August 1988, 38 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 June 2023, Cooperative Ministry reported income of $6.0m and spending of $6.1m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $5.9m to $6.0m (+1.8%), an average of +0.6% a year. The sharpest change came in the year to June 2021, when income rose by 21%. 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, Cooperative Ministry sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Independent Lifestyles Inc - a Center for Independent Living ($6.0m), Peninsula Volunteers Inc ($6.0m) and Life Message Inc ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $311k (5.1% of expenses). Other salaries and wages came to $591k. At year end it held assets of $4.1m against liabilities of $339k, net assets of $3.7m. It reported 19 employees.