Cosanti Foundation

Analysis

Cosanti Foundation is a registered charity in United States, based in Mayer, AZ. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Cosanti Foundation reported income of $1.8m and spending of $1.8m, spending 104% of its income. Across the 5 years on record, from November 2019 to November 2023, income fell from $2.0m to $1.8m (-9.9%), an average of -2.6% a year. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cosanti Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within AZ. Charities of a similar size with the same main cause include Metropolitan Ballet Theatre Inc ($1.8m), Sheridan Allprep Academy ($1.8m) and Always a Nutritional Meal ($1.8m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 5.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $6,154 (0.3% of expenses). Other salaries and wages came to $642k. At year end it held assets of $5.5m against liabilities of $494k, net assets of $5.0m. It reported 28 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.