Friends of Cottonwood Ranch Inc

Analysis

Friends of Cottonwood Ranch Inc is a registered charity in United States, based in Hoxie, KS. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Cottonwood Ranch Inc reported income of $195k and spending of $348k, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $216k to $195k (-9.8%), an average of -2.5% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 136% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of Cottonwood Ranch Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within KS. Charities of a similar size with the same main cause include Metropolitan Youth Symphony Inc ($194k), Zachor for Holocaust Remembrance Foundation ($195k) and Bricolage ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 7.0% of the total. Other salaries and wages came to $152k. At year end it held assets of $4.7m against liabilities of $0, net assets of $4.7m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.