Cognition of Davie County

Analysis

Cognition of Davie County is a registered charity in United States, based in Mocksville, NC. It received its IRS tax-exemption ruling in May 2019, 7 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 of Davie County reported income of $141k and spending of $203k, spending 144% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $256k to $141k (-45%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 59% 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 of Davie County sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Southwest New Mexico Arts Culture and Tourism ($141k), Historical Society of Oak Creek & Phippsburg ($141k) and Liberty Historic Railway Inc ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 24% of the total. At year end it held assets of $378k against liabilities of $1,467, net assets of $376k.