Cognia Inc

Analysis

Cognia Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cognia Inc reported income of $124.3m and spending of $136.4m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $88.7m to $124.3m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2020, when income rose by 37%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cognia Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within GA. Charities of a similar size with the same main cause include University of Northwestern-St Paul ($124.3m), Ursinus College ($124.4m) and Carthage College ($124.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $5.7m (4.2% of expenses). Other salaries and wages came to $43.8m. At year end it held assets of $102.5m against liabilities of $71.3m, net assets of $31.2m. It reported 639 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.