Ferndale Community Service Cooperative

Analysis

Ferndale Community Service Cooperative is a registered charity in United States, based in Ferndale, WA. It received its IRS tax-exemption ruling in February 2007, 19 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, Ferndale Community Service Cooperative reported income of $668k and spending of $649k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $167k to $668k (+300%), an average of +100% a year. The sharpest change came in the year to December 2022, when income rose by 280%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ferndale Community Service Cooperative sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Campaign for Uyghurs Incorporated ($668k), Virginians Organized for Interfaith Community Engagement of Northern ($668k) and Economic Development Corporation of New Haven ($668k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $224k (34% of expenses). Other salaries and wages came to $25k. At year end it held assets of $542k against liabilities of $2,964, net assets of $539k.