Cosmosphere Foundation

Analysis

Cosmosphere Foundation is a registered charity in United States, based in Hutchinson, KS. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cosmosphere Foundation reported income of $1.1m and spending of $106k, leaving 91% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+11%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 1418%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cosmosphere Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within KS. Charities of a similar size with the same main cause include B Charitable Inc ($1.1m), American Friends of Lema an Achai ($1.1m) and Newton Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m.