Cotton Foundation

Analysis

Cotton Foundation is a registered charity in United States, based in Cordova, TN. It received its IRS tax-exemption ruling in November 1956, 70 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2023, Cotton Foundation reported income of $1.5m and spending of $878k, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.5m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cotton Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within TN. Charities of a similar size with the same main cause include Sunshine Transit ($1.5m), Family Training Program Inc ($1.5m) and Youth Service Bureau Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $56k (6.4% of expenses). Other salaries and wages came to $28k. At year end it held assets of $4.4m against liabilities of $35k, net assets of $4.4m.