New Operation Cooper Street Inc

Analysis

New Operation Cooper Street Inc is a registered charity in United States, based in Punta Gorda, FL. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, 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 September 2021, New Operation Cooper Street Inc reported income of $135k and spending of $143k, spending 106% of what it took in. Across the 3 years on record, from September 2019 to September 2021, income fell from $150k to $135k (-9.9%), an average of -5.1% a year. Over the whole period it spent 107% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Operation Cooper Street Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Hollywood Rotary Foundation Inc ($135k), Fairfield Community Services Foundation ($135k) and Center for the Advancement of the Steady State Economy ($135k).

On its Form 990 for the period ending September 2021, revenue came from contributions and grants 92% and program service revenue 7.2% of the total. Other salaries and wages came to $5,842. At year end it held assets of $104k against liabilities of $0, net assets of $104k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.