Cosmos Club Foundation

Analysis

Cosmos Club Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1967, 59 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cosmos Club Foundation reported income of $78k and spending of $191k, spending 246% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $434k to $78k (-82%), an average of -35% a year. The sharpest change came in the year to December 2020, when income rose by 163%. Over the whole period it spent 34% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cosmos Club Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 15th percentile within DC. Charities of a similar size with the same main cause include Sherman Players Inc ($78k), Science Journal for Kids ($78k) and Paragon Ragtime Orchestra ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 145% of the total. At year end it held assets of $3.8m against liabilities of $0, net assets of $3.8m.