Cognition

Analysis

Cognition is a registered charity in United States, based in Beulah, MI. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Cognition reported income of $195k and spending of $283k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $314k to $195k (-38%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 364%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cognition sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include Studio Gallery Association Inc ($195k), Rivertowne Repertory Players ($195k) and Maine Irish Heritage Center ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Other salaries and wages came to $164k. At year end it held assets of $368k against liabilities of $120k, net assets of $248k. It reported 19 employees.