Cosmosphere Inc

Analysis

Cosmosphere Inc is a registered charity in United States, based in Hutchinson, KS. It received its IRS tax-exemption ruling in May 1965, 61 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 (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, Cosmosphere Inc reported income of $5.4m and spending of $5.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.5m to $5.4m (-1.2%), an average of -0.3% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cosmosphere Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KS. Charities of a similar size with the same main cause include Mississippi Childrens Museum ($5.4m), Jefferson National Parks Association Inc ($5.4m) and Pasadena Symphony Association ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $175k (3.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $13.9m against liabilities of $2.4m, net assets of $11.5m. It reported 105 employees.