Cosmic Writers Corp

Analysis

Cosmic Writers Corp is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2022, 4 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 December 2023, Cosmic Writers Corp reported income of $195k and spending of $205k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $120k to $195k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cosmic Writers Corp sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include Science of Mind Archives and Library Foundation ($195k), Midcoast Literacy ($195k) and Knowledge Speaks ($195k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $75k against liabilities of $191, net assets of $74k.