Cosley Foundation Inc

Analysis

Cosley Foundation Inc is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in October 1986, 40 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 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 December 2023, Cosley Foundation Inc reported income of $928k and spending of $527k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $628k to $928k (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 49% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cosley Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Foundation for the Exhibition of Photography ($928k), Knickerbocker Music Center Inc ($928k) and Alliance Francaise de Puerto Rico ($927k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Other salaries and wages came to $133k. At year end it held assets of $3.1m against liabilities of $124k, net assets of $3.0m.