Cocotree Kids Inc

Analysis

Cocotree Kids Inc is a registered charity in United States, based in Natick, MA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cocotree Kids Inc reported income of $172k and spending of $117k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $172k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cocotree Kids Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Joy Closet ($172k), Global Impact Solutions Inc ($173k) and Erie Community Plaza Inc ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $205k against liabilities of $42k, net assets of $163k.