Cossma Inc

Analysis

Cossma Inc is a registered charity in United States, based in Cidra, PR. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 August 2023, Cossma Inc reported income of $91.5m and spending of $66.1m, leaving 28% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $57.8m to $91.5m (+58%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 28%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cossma Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PR. Charities of a similar size with the same main cause include Childrens Anesthesiology Associates Ltd ($91.2m), Bronson Lakeview Hospital ($91.6m) and Greater Lawrence Family Health Center Inc ($91.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $19.4m. At year end it held assets of $155.5m against liabilities of $11.3m, net assets of $144.2m. It reported 455 employees.