Waterbury Area Makersphere Cooperative Inc

Analysis

Waterbury Area Makersphere Cooperative Inc is a registered charity in United States, based in Waterbury, VT. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Waterbury Area Makersphere Cooperative Inc reported income of $208k and spending of $219k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $150k to $208k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Waterbury Area Makersphere Cooperative Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 46th percentile within VT. Charities of a similar size with the same main cause include Mate School ($208k), Lift Up Uganda Inc ($208k) and PTA Texas Congress ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $73k. At year end it held assets of $73k against liabilities of $36k, net assets of $37k. It reported 2 employees.