Cottagewood Community Foundation

Analysis

Cottagewood Community Foundation is a registered charity in United States, based in Deephaven, MN. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cottagewood Community Foundation reported income of $178k and spending of $177k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $178k to $178k (-0.2%), an average of -0.1% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Cottagewood Community Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within MN. Charities of a similar size with the same main cause include Little League Baseball Inc ($178k), Holden Baseball Program Inc ($178k) and Valley Community Center Joint Powers Board ($178k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% of the total. Other salaries and wages came to $88k. At year end it held assets of $188k against liabilities of $500, net assets of $188k. It reported 35 employees.