Cooper Park Development Company

Analysis

Cooper Park Development Company is a registered charity in United States, based in Mount Vernon, OH. It received its IRS tax-exemption ruling in February 2023, 3 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cooper Park Development Company reported income of $2.1m and spending of $1.5m, leaving 29% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $275k to $2.1m (+673%), an average of +178% a year. The sharpest change came in the year to December 2022, when income rose by 389%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cooper Park Development Company sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Texarkana Resources for the Disabled Inc ($2.1m), Mentor Rhode Island - the Ri Mentoring Partnership Inc ($2.1m) and National Career Academy Coalition Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.1% of the total. At year end it held assets of $4.9m against liabilities of $5.0m, net assets of -$162k.