Cocoon Project Inc

Analysis

Cocoon Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 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, Cocoon Project Inc reported income of $126k and spending of $141k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $126k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cocoon Project Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within NY. Charities of a similar size with the same main cause include Clear Stream Integrative Medicine LLC ($126k), Seeds of Healing Inc ($126k) and Sedgefield Angel Tree Helpers ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $78k against liabilities of $292, net assets of $78k.