Co-Passion Project Inc

Analysis

Co-Passion Project Inc is a registered charity in United States, based in Warsaw, IN. 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, Co-Passion Project Inc reported income of $104k and spending of $57k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $104k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 46% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Co-Passion Project Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within IN. Charities of a similar size with the same main cause include Crescent City Cafe Inc ($104k), Stacyville Kids Care Inc ($104k) and Island Men ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $105k against liabilities of $11k, net assets of $94k.