Coop Careers Inc

Analysis

Coop Careers Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Coop Careers Inc reported income of $12.1m and spending of $12.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $12.1m (+574%), an average of +61% a year. The sharpest change came in the year to December 2020, when income rose by 235%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Coop Careers Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Pacific View Charter School ($12.1m), Flatirons Academy ($12.1m) and Caribbean Consolidated Schools Inc ($12.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $957k (7.7% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $7.6m against liabilities of $583k, net assets of $7.0m. It reported 480 employees.