Institute of Cognitive Development Inc

Analysis

Institute of Cognitive Development Inc is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in June 1978, 48 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, Institute of Cognitive Development Inc reported income of $2.5m and spending of $2.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.5m (+80%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute of Cognitive Development Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Alabama Baptist Retirement Center Inc ($2.5m), Burke United Christian Ministries ($2.5m) and St Louis Park Emergency Program Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $61k (2.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.2m against liabilities of $900k, net assets of $1.3m. It reported 67 employees.