Cosmo and Lewis Estates Inc

Analysis

Cosmo and Lewis Estates Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in July 1987, 39 years ago. 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, Cosmo and Lewis Estates Inc reported income of $115k and spending of $146k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $123k to $115k (-6.8%), an average of -1.7% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cosmo and Lewis Estates Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Nicholas J Sacco Foundation Inc ($115k), Soccer Association for Youth ($115k) and Independence Cooperative Nursery ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. At year end it held assets of $184k against liabilities of $280k, net assets of -$96k.