Friends of Cooper Island

Analysis

Friends of Cooper Island is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Friends of Cooper Island reported income of $61k and spending of $133k, spending 218% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $211k to $61k (-71%), an average of -71% a year. The sharpest change came in the year to December 2023, when income dropped by 71%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Cooper Island sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 18th percentile within WA. Charities of a similar size with the same main cause include Ocean Hills Journalism Club ($61k), Montana Pro Rodeo Hall and Wall of Fame ($61k) and Lincoln Scottish Rite Reservation Foundation ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $133k against liabilities of $0, net assets of $133k.