Foundations Cognitive Schools Inc

Analysis

Foundations Cognitive Schools Inc is a registered charity in United States, based in Rancho Santa Margari, CA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundations Cognitive Schools Inc reported income of $933k and spending of $926k, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $659k to $933k (+42%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundations Cognitive Schools Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Hawaii Japanese School ($932k), Tam High Foundation ($933k) and Tuscarawas Valley Schools Trojan Foundation Inc ($932k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $136k (15% of expenses). Other salaries and wages came to $444k. At year end it held assets of $231k against liabilities of $6,335, net assets of $225k. It reported 22 employees.