Co-Operate WNC

Analysis

Co-Operate WNC is a registered charity in United States, based in Morganton, NC. It received its IRS tax-exemption ruling in June 2019, 7 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 (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, Co-Operate WNC reported income of $66k and spending of $46k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $66k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Co-Operate WNC sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Louisville Bar Center Inc ($66k), Lakewood Rocky River Sunrise Rotary Club Foundation Inc ($66k) and Rotary Club of Spencer Iowa ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 8.7% of the total. At year end it held assets of $39k against liabilities of $5,926, net assets of $33k.