Cohen Veterans Bioscience Inc

Analysis

Cohen Veterans Bioscience Inc is a registered charity in United States, based in Pittsfield, MA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2023, Cohen Veterans Bioscience Inc reported income of $11.3m and spending of $15.3m, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $21.0m to $11.3m (-46%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 37%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cohen Veterans Bioscience 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 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Coastal Kids Home Care ($11.3m), Beech Brook ($11.3m) and Overdose-Lifeline Inc ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $2.7m (18% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $11.7m against liabilities of $3.9m, net assets of $7.9m. It reported 36 employees.