Cornwell Research Group

Analysis

Cornwell Research Group is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover science and technology, 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, Cornwell Research Group reported income of $736k and spending of $735k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $373k to $736k (+98%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 155%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cornwell Research Group 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 76th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Triton Museum of Art ($736k), Kidsenses Inc ($736k) and Hispanic Alliance for the Performing Arts ($736k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $402k. At year end it held assets of $382k against liabilities of $281k, net assets of $102k. It reported 15 employees.