Cooperation Cannon River

Analysis

Cooperation Cannon River is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cooperation Cannon River reported income of $171k and spending of $147k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $171k (+90%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 130% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cooperation Cannon River sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within MN. Charities of a similar size with the same main cause include Downtown Hays Development Corporation ($171k), New York Credit Union Foundation ($171k) and Kitchi Gammi Club Foundation Inc ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.