The Cooperative Downtown Ministries Incorporated

Analysis

The Cooperative Downtown Ministries Incorporated is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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, The Cooperative Downtown Ministries Incorporated reported income of $4.9m and spending of $4.3m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $4.9m (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Cooperative Downtown Ministries Incorporated 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 92nd percentile, and in the 95th percentile within AL. Charities of a similar size with the same main cause include Habitat for Humanity Choptank Inc ($4.9m), The Wow Center Inc ($4.9m) and Biophysical Society ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $73k (1.7% of expenses). Other salaries and wages came to $1.3m. It paid $12k in professional fundraising fees. At year end it held assets of $8.8m against liabilities of $591k, net assets of $8.2m. It reported 58 employees.