Cooperative Business Assistance Corporation
Cooperative Business Assistance Corporation: Strong Asset Growth, but Transparency Lacking on Program Details
EIN: 222807816 · Camden, NJ · NTEE: S43Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $2.5M |
| Program Spending | 80% |
| Net Assets | $12.5M |
| Transparency Score | 75/100 |
Is Cooperative Business Assistance Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cooperative Business Assistance Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cooperative Business Assistance Corporation
Cooperative Business Assistance Corporation (EIN: 222807816) is a nonprofit organization based in Camden, NJ, classified under NTEE code S43Z. The organization reported total revenue of $2.1M and total assets of $25.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cooperative Business Assistance Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cooperative Business Assistance Corporation is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$315K |
| Total Assets | $26.2M |
| Total Liabilities | $13.7M |
| Net Assets | $12.5M |
| Operating Margin | 11.1% |
| Debt-to-Asset Ratio | 52.2% |
| Months of Reserves | 124.8 months |
Financial Health Grade: A
In 2024, Cooperative Business Assistance Corporation reported a surplus of $315K with revenue exceeding expenses, holds 124.8 months of operating reserves (strong position), has a debt-to-asset ratio of 52.2% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Cooperative Business Assistance Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.9% | +1.5% | -3.3% |
| 2023 | -44.6% | +12.8% | +6.0% |
| 2022 | +24.1% | -3.5% | +13.7% |
| 2021 | +128.2% | +23.2% | +14.4% |
| 2020 | -2.9% | +5.3% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cooperative Business Assistance Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Cooperative Business Assistance Corporation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $315K, with revenue exceeding expenses.
- Debt-to-asset ratio: 52.2%.
Executive Compensation Analysis
Without specific compensation figures for executives, a comprehensive assessment of executive compensation is not possible from the provided data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cooperative Business Assistance Corporation's IRS 990 filings:
- Lack of detailed program expenditure breakdown makes it difficult to fully assess the impact of their mission.
- The provided data does not include specific executive compensation figures, which is a red flag for transparency.
Strengths
The following positive indicators were identified for Cooperative Business Assistance Corporation:
- Consistent growth in assets from $18,385,757 in 2017 to $25,121,325 in 2024, indicating financial stability.
- Revenue has shown significant fluctuations but generally upward trend, with a notable peak of $5,424,289 in 2022.
- Low administrative and fundraising percentages (estimated based on general nonprofit benchmarks due to lack of specific breakdown) suggest efficient operations.
Frequently Asked Questions about Cooperative Business Assistance Corporation
Is Cooperative Business Assistance Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cooperative Business Assistance Corporation (EIN: 222807816) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Cooperative Business Assistance Corporation spend its money?
Cooperative Business Assistance Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cooperative Business Assistance Corporation tax-deductible?
Cooperative Business Assistance Corporation is registered as a tax-exempt nonprofit (EIN: 222807816). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cooperative Business Assistance Corporation's spending goes to programs?
Cooperative Business Assistance Corporation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cooperative Business Assistance Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Cooperative Business Assistance Corporation is above average for NTEE category S43Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cooperative Business Assistance Corporation located?
Cooperative Business Assistance Corporation is headquartered in Camden, New Jersey and files with the IRS under EIN 222807816. It is classified under NTEE code S43Z.
How many years of IRS 990 filings does Cooperative Business Assistance Corporation have?
Cooperative Business Assistance Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.1M in total revenue.
What does Cooperative Business Assistance Corporation do?
Cooperative Business Assistance Corporation is a nonprofit organization in the Community Improvement sector, located in Camden, New Jersey. It is classified under NTEE code S43Z.
How much revenue does Cooperative Business Assistance Corporation have?
Cooperative Business Assistance Corporation reported total revenue of $2,115,500. Based on 13 IRS 990 filings on record.
What are Cooperative Business Assistance Corporation's total assets?
Cooperative Business Assistance Corporation holds total assets of $25,121,325 as reported in IRS 990 filings.
Where is Cooperative Business Assistance Corporation located?
Cooperative Business Assistance Corporation is based in Camden, New Jersey.
What is Cooperative Business Assistance Corporation's EIN?
Cooperative Business Assistance Corporation's Employer Identification Number (EIN) is 222807816. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Cooperative Business Assistance Corporation?
Cooperative Business Assistance Corporation is classified under NTEE code S43Z (Community Improvement).
Is Cooperative Business Assistance Corporation a registered 501(c)(3)?
Yes, Cooperative Business Assistance Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222807816.
Does Cooperative Business Assistance Corporation file IRS Form 990?
Yes, Cooperative Business Assistance Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Cooperative Business Assistance Corporation's revenue in 2024?
In the 202406 filing period, Cooperative Business Assistance Corporation reported total revenue of $2,831,691, total expenses of $2,516,345, and net assets of $26,167,412.
Is Cooperative Business Assistance Corporation's revenue growing or declining?
Cooperative Business Assistance Corporation's revenue is declining. Revenue went from $3,007,741 (202306) to $2,831,691 (202406), a -5.9% change. Based on 13 filings on record.
What is Cooperative Business Assistance Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Cooperative Business Assistance Corporation covers tax period 202406. It shows revenue of $2,831,691, expenses of $2,516,345, total assets of $26,167,412, and liabilities of $13,672,090.
How much does Cooperative Business Assistance Corporation spend on programs vs administration?
Based on IRS 990 analysis, Cooperative Business Assistance Corporation allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Cooperative Business Assistance Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Cooperative Business Assistance Corporation appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Cooperative Business Assistance Corporation?
The following concerns were identified: Lack of detailed program expenditure breakdown makes it difficult to fully assess the impact of their mission.. The provided data does not include specific executive compensation figures, which is a red flag for transparency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Cooperative Business Assistance Corporation's strengths?
Positive indicators for Cooperative Business Assistance Corporation include: Consistent growth in assets from $18,385,757 in 2017 to $25,121,325 in 2024, indicating financial stability.. Revenue has shown significant fluctuations but generally upward trend, with a notable peak of $5,424,289 in 2022.. Low administrative and fundraising percentages (estimated based on general nonprofit benchmarks due to lack of specific breakdown) suggest efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Cooperative Business Assistance Corporation compensate executives?
Without specific compensation figures for executives, a comprehensive assessment of executive compensation is not possible from the provided data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial asset growth, how does CBAC ensure these assets are effectively deployed to directly support their mission, particularly in the absence of detailed program reporting?
While assets have grown significantly, the lack of granular program spending details in the provided data makes it challenging to directly link asset growth to specific mission-related outcomes. Further investigation into their program reports would be necessary.
What specific types of 'cooperative business assistance' does the organization provide, and how are these programs measured for effectiveness and impact?
The provided data does not specify the types of assistance or the metrics used to measure program effectiveness. This information is crucial for understanding the true impact of their work beyond financial figures.
Filing History
IRS 990 filing history for Cooperative Business Assistance Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Cooperative Business Assistance Corporation's revenue has grown by 66.1%, moving from $1.7M to $2.8M. Total assets increased by 46.7% over the same period, from $17.8M to $26.2M. Total functional expenses rose by 46%, from $1.7M to $2.5M. In its most recent filing year (2024), Cooperative Business Assistance Corporation reported a surplus of $315K, with revenue exceeding expenses. The organization holds $13.7M in liabilities against $26.2M in assets (debt-to-asset ratio: 52.2%), resulting in net assets of $12.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.8M | $2.5M | $26.2M | $13.7M | — | View 990 |
| 2023 | $3.0M | $2.5M | $27.1M | $14.9M | — | View 990 |
| 2022 | $5.4M | $2.2M | $25.5M | $13.9M | — | View 990 |
| 2021 | $4.4M | $2.3M | $22.5M | $14.0M | — | View 990 |
| 2020 | $1.9M | $1.8M | $19.6M | $13.3M | — | View 990 |
| 2019 | $2.0M | $1.8M | $19.3M | $13.0M | — | View 990 |
| 2018 | $1.4M | $1.3M | $19.0M | $13.0M | — | View 990 |
| 2017 | $1.8M | $1.7M | $18.4M | $12.4M | — | View 990 |
| 2016 | $1.8M | $1.7M | $17.0M | $11.0M | — | View 990 |
| 2015 | $1.6M | $1.6M | $18.1M | $12.2M | — | View 990 |
| 2014 | $1.4M | $1.5M | $17.7M | $11.8M | — | View 990 |
| 2013 | $1.5M | $1.8M | $18.6M | $12.6M | — | View 990 |
| 2012 | $1.7M | $1.7M | $17.8M | $11.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.8M, expenses of $2.5M, and assets of $26.2M (revenue -5.9% year-over-year).
- 2023: Revenue of $3.0M, expenses of $2.5M, and assets of $27.1M (revenue -44.6% year-over-year).
- 2022: Revenue of $5.4M, expenses of $2.2M, and assets of $25.5M (revenue +24.1% year-over-year).
- 2021: Revenue of $4.4M, expenses of $2.3M, and assets of $22.5M (revenue +128.2% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.8M, and assets of $19.6M (revenue -2.9% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.8M, and assets of $19.3M (revenue +43.4% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $19.0M (revenue -22.1% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.7M, and assets of $18.4M (revenue +0.8% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.7M, and assets of $17.0M (revenue +10.8% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $18.1M (revenue +10.0% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.5M, and assets of $17.7M (revenue -5.4% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.8M, and assets of $18.6M (revenue -10.9% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.7M, and assets of $17.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cooperative Business Assistance Corporation:
Data Sources and Methodology
This transparency report for Cooperative Business Assistance Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.