Cornish Foundation

Analysis

Cornish Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Cornish Foundation reported income of $139k and spending of $194k, spending 140% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $176k to $139k (-21%), an average of -5.8% a year. The sharpest change came in the year to May 2022, when income rose by 52%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cornish Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 41st percentile within WA. Charities of a similar size with the same main cause include Libraries of Love ($139k), Middle Way Education ($139k) and Sebastopol Rotary Education Foundation Inc ($139k).

At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.