Cocoa Packs Inc

Analysis

Cocoa Packs Inc is a registered charity in United States, based in Hershey, PA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, 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 2023, Cocoa Packs Inc reported income of $2.1m and spending of $1.8m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $259k to $2.1m (+709%), an average of +69% a year. The sharpest change came in the year to December 2022, when income rose by 246%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cocoa Packs Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Ohio County & Independent Agricultural Societies ($2.1m), Community Services & Supports ($2.1m) and Morrisonville Schuyler Falls Volunteer Ambulance Service Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Other salaries and wages came to $63k. At year end it held assets of $1.2m against liabilities of $19k, net assets of $1.2m. It reported 2 employees.