Foundation of Cognitive Therapy and Research

Analysis

Foundation of Cognitive Therapy and Research is a registered charity in United States, based in Bala Cynwyd, PA. It received its IRS tax-exemption ruling in April 1969, 57 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation of Cognitive Therapy and Research reported income of $6.3m and spending of $8.3m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $6.3m (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation of Cognitive Therapy and Research sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Los Rios Foundation ($6.3m), Big Bend Homeless Coalition Inc ($6.3m) and Altru Health Foundation ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $808k (9.8% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $9.5m against liabilities of $968k, net assets of $8.5m. It reported 65 employees.