Cognitive Connection Corporation

Analysis

Cognitive Connection Corporation is a registered charity in United States, based in Conover, NC. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2022, Cognitive Connection Corporation reported income of $244k and spending of $244k, spending 100% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $211k to $244k (+15%), an average of +4.8% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cognitive Connection Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Panhandle Day Care Center Inc ($244k), Youth and Family Services Foundation ($244k) and Entrusted Houston ($243k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $129k. At year end it held assets of $85k against liabilities of $32k, net assets of $53k. It reported 4 employees.