Cognia Inc
Cognia Inc shows consistent revenue growth and asset accumulation, with expenses largely tracking income, and no officer compensation reported in filings.
EIN: 208613765 · Alpharetta, GA · NTEE: B03 · Updated: 2026-03-28
Is Cognia Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cognia Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cognia Inc
Cognia Inc (EIN: 208613765) is a nonprofit organization based in Alpharetta, GA, classified under NTEE code B03. The organization reported total revenue of $135.8M and total assets of $104.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cognia Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cognia Inc is a major nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $124.3M |
| Total Expenses | $136.4M |
| Surplus / Deficit | $-12,079,178 |
| Total Assets | $102.5M |
| Total Liabilities | $71.3M |
| Net Assets | $31.2M |
| Operating Margin | -9.7% |
| Debt-to-Asset Ratio | 69.5% |
| Months of Reserves | 9.0 months |
Financial Health Grade: C
In 2023, Cognia Inc reported a deficit of $12.1M with expenses exceeding revenue, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 69.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cognia Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.6% | +7.2% | +4.9% |
| 2022 | +4.0% | +11.8% | -4.6% |
| 2021 | -8.4% | -5.6% | +6.8% |
| 2020 | +36.6% | +27.3% | -2.5% |
| 2019 | +155.9% | +163.5% | +128.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cognia Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Cognia Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 69.5%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of Cognia Inc's size with over $100 million in annual revenue and assets. This either indicates that executive compensation is not paid or is reported under a different category, making it difficult to assess executive pay relative to the organization's scale without further detail.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cognia Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual executive pay if categorized elsewhere.
Strengths
The following positive indicators were identified for Cognia Inc:
- Strong and consistent revenue growth over the past decade, from $27.5M in 201406 to $124.3M in 202306.
- Significant asset accumulation, reaching over $100 million in 202306, indicating financial stability.
- Stable financial operations with expenses generally tracking revenues, suggesting good financial management.
Frequently Asked Questions about Cognia Inc
Is Cognia Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cognia Inc (EIN: 208613765) some concerns. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
How does Cognia Inc spend its money?
Cognia Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cognia Inc tax-deductible?
Cognia Inc is registered as a tax-exempt nonprofit (EIN: 208613765). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Cognia Inc a good charity?
Based on its financial stability, consistent growth, and significant revenue, Cognia Inc appears to be a well-established organization. However, the lack of reported officer compensation in the provided data makes a full assessment of its efficiency and transparency regarding executive pay challenging.
How does Cognia Inc manage its expenses relative to its revenue?
Cognia Inc generally manages its expenses to be in line with its revenue. For example, in 202306, expenses were $136,380,801 against revenues of $124,301,623, indicating a slight operational deficit for that period. However, over the long term, revenues and expenses have largely tracked each other, suggesting controlled spending relative to income.
What is the trend in Cognia Inc's assets and liabilities?
Cognia Inc's assets have shown a consistent upward trend, growing from $40,476,877 in 201406 to $102,456,937 in 202306. Liabilities have also increased but generally remain at a manageable level relative to assets, with a liabilities-to-assets ratio around 0.69 in the latest period.
Filing History
IRS 990 filing history for Cognia Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cognia Inc's revenue has grown by 444%, moving from $22.9M to $124.3M. Total assets increased by 182.2% over the same period, from $36.3M to $102.5M. Total functional expenses rose by 471.7%, from $23.9M to $136.4M. In its most recent filing year (2023), Cognia Inc reported a deficit of $12.1M, with expenses exceeding revenue. The organization holds $71.3M in liabilities against $102.5M in assets (debt-to-asset ratio: 69.5%), resulting in net assets of $31.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $124.3M | $136.4M | $102.5M | $71.3M | — | — |
| 2022 | $115.5M | $127.2M | $97.7M | $79.1M | — | View 990 |
| 2021 | $111.1M | $113.8M | $102.4M | $71.2M | — | View 990 |
| 2020 | $121.2M | $120.6M | $95.9M | $62.9M | — | View 990 |
| 2019 | $88.7M | $94.7M | $98.3M | $66.1M | — | View 990 |
| 2018 | $34.7M | $36.0M | $43.0M | $27.1M | — | View 990 |
| 2017 | $32.1M | $32.4M | $41.2M | $24.4M | — | View 990 |
| 2016 | $32.6M | $33.0M | $39.9M | $23.6M | — | View 990 |
| 2015 | $30.2M | $29.2M | $41.5M | $24.3M | — | View 990 |
| 2014 | $27.5M | $27.3M | $40.5M | $23.8M | — | View 990 |
| 2013 | $26.2M | $27.6M | $38.3M | $22.9M | — | View 990 |
| 2012 | $23.5M | $24.3M | $36.8M | $20.5M | — | View 990 |
| 2011 | $22.9M | $23.9M | $36.3M | $19.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $124.3M, expenses of $136.4M, and assets of $102.5M (revenue +7.6% year-over-year).
- 2022: Revenue of $115.5M, expenses of $127.2M, and assets of $97.7M (revenue +4.0% year-over-year).
- 2021: Revenue of $111.1M, expenses of $113.8M, and assets of $102.4M (revenue -8.4% year-over-year).
- 2020: Revenue of $121.2M, expenses of $120.6M, and assets of $95.9M (revenue +36.6% year-over-year).
- 2019: Revenue of $88.7M, expenses of $94.7M, and assets of $98.3M (revenue +155.9% year-over-year).
- 2018: Revenue of $34.7M, expenses of $36.0M, and assets of $43.0M (revenue +8.1% year-over-year).
- 2017: Revenue of $32.1M, expenses of $32.4M, and assets of $41.2M (revenue -1.6% year-over-year).
- 2016: Revenue of $32.6M, expenses of $33.0M, and assets of $39.9M (revenue +8.1% year-over-year).
- 2015: Revenue of $30.2M, expenses of $29.2M, and assets of $41.5M (revenue +9.6% year-over-year).
- 2014: Revenue of $27.5M, expenses of $27.3M, and assets of $40.5M (revenue +5.2% year-over-year).
- 2013: Revenue of $26.2M, expenses of $27.6M, and assets of $38.3M (revenue +11.5% year-over-year).
- 2012: Revenue of $23.5M, expenses of $24.3M, and assets of $36.8M (revenue +2.7% year-over-year).
- 2011: Revenue of $22.9M, expenses of $23.9M, and assets of $36.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cognia Inc:
Data Sources and Methodology
This transparency report for Cognia Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.