Cottonwood Inc

Analysis

Cottonwood Inc is a registered charity in United States, based in Lawrence, KS. It received its IRS tax-exemption ruling in May 1971, 55 years ago. 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, Cottonwood Inc reported income of $17.3m and spending of $17.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $18.3m to $17.3m (-5.5%), an average of -1.4% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cottonwood Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within KS. Charities of a similar size with the same main cause include Western Connecticut Home Care Inc ($17.3m), St Vincents Foundation Inc ($17.3m) and Centers for Family Development Incorporated ($17.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $351k (2.0% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $14.0m against liabilities of $1.3m, net assets of $12.7m. It reported 383 employees.