Communities in Cooperation Inc

Analysis

Communities in Cooperation Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in August 2005, 21 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 December 2022, Communities in Cooperation Inc reported income of $1.0m and spending of $1.0m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $634k to $1.0m (+59%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Communities in Cooperation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Portage County Agricultural Society ($1.0m), Labors Community Service Agency ($1.0m) and Clinton County Womens Center Inc ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $32k (3.1% of expenses). Other salaries and wages came to $431k. At year end it held assets of $558k against liabilities of $265k, net assets of $293k. It reported 22 employees.