Cowan Community Action Group Inc

Analysis

Cowan Community Action Group Inc is a registered charity in United States, based in Whitesburg, KY. It received its IRS tax-exemption ruling in November 2001, 25 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 September 2023, Cowan Community Action Group Inc reported income of $846k and spending of $791k, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $233k to $846k (+264%), an average of +38% a year. The sharpest change came in the year to September 2020, when income rose by 972%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cowan Community Action Group Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within KY. Charities of a similar size with the same main cause include Hispanic Community Services Inc ($846k), Stoveteam International ($846k) and Center for Community Integration Inc ($846k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $45k (5.7% of expenses). Other salaries and wages came to $203k. At year end it held assets of $1.1m against liabilities of $3,810, net assets of $1.1m. It reported 39 employees.