Cos I Love You

Analysis

Cos I Love You is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Cos I Love You reported income of $509k and spending of $462k, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $345k to $509k (+48%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cos I Love You sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CO. Charities of a similar size with the same main cause include Norooz Foundation Inc ($509k), Groveland Emergency Food Shelf Inc ($509k) and Neighborhood Center of the Arts ($509k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $34k (7.3% of expenses). Other salaries and wages came to $119k. It paid $3,349 in professional fundraising fees. At year end it held assets of $321k against liabilities of $0, net assets of $321k. It reported 5 employees.