Cornolia Cogswell Rossi Foundation Inc
Cornolia Cogswell Rossi Foundation faces persistent deficits and significant asset decline over the last decade.
EIN: 201420345 · Wilmington, DE · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $2.9M |
| Program Spending | 80% |
| Net Assets | $3.9M |
| Transparency Score | 55/100 |
Is Cornolia Cogswell Rossi Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cornolia Cogswell Rossi Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cornolia Cogswell Rossi Foundation Inc
Cornolia Cogswell Rossi Foundation Inc (EIN: 201420345) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T20. The organization reported total revenue of $3.3M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornolia Cogswell Rossi Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornolia Cogswell Rossi Foundation Inc is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-1,442,331 |
| Total Assets | $3.9M |
| Total Liabilities | $1 |
| Net Assets | $3.9M |
| Operating Margin | -98.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 16.0 months |
Financial Health Grade: B
In 2023, Cornolia Cogswell Rossi Foundation Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 16.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Cornolia Cogswell Rossi Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.9% | -17.2% | -27.1% |
| 2022 | +38.2% | +53.6% | -22.7% |
| 2021 | +25.2% | +3.9% | -11.3% |
| 2020 | +113.4% | +111.4% | -12.1% |
| 2019 | -42.9% | -42.4% | -19.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Cornolia Cogswell Rossi Foundation Inc with a Mission Score of 55 out of 100 (Fair). 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, Cornolia Cogswell Rossi Foundation 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 $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no officers or key employees are receiving salaries from the organization, which is a strong positive for cost control and transparency.
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 Cornolia Cogswell Rossi Foundation Inc's IRS 990 filings:
- Consistent and significant operating deficits (expenses exceeding revenue) in all reported periods.
- Substantial decline in total assets from $14.6 million in 2011 to $3.8 million in 2023, indicating asset depletion.
- Lack of detailed functional expense breakdown (program vs. admin/fundraising) in the provided data, hindering full spending efficiency analysis.
Strengths
The following positive indicators were identified for Cornolia Cogswell Rossi Foundation Inc:
- 0% officer compensation reported across all filings, indicating strong executive cost control and transparency.
- Consistent filing of IRS Form 990s, demonstrating compliance with reporting requirements.
Frequently Asked Questions about Cornolia Cogswell Rossi Foundation Inc
Is Cornolia Cogswell Rossi Foundation Inc a legitimate charity?
Cornolia Cogswell Rossi Foundation Inc (EIN: 201420345) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.3M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Cornolia Cogswell Rossi Foundation Inc spend its money?
Cornolia Cogswell Rossi Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cornolia Cogswell Rossi Foundation Inc tax-deductible?
Cornolia Cogswell Rossi Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201420345). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cornolia Cogswell Rossi Foundation Inc's spending goes to programs?
Cornolia Cogswell Rossi Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cornolia Cogswell Rossi Foundation Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Cornolia Cogswell Rossi Foundation Inc is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cornolia Cogswell Rossi Foundation Inc located?
Cornolia Cogswell Rossi Foundation Inc is headquartered in Wilmington, Delaware and files with the IRS under EIN 201420345. It is classified under NTEE code T20.
How many years of IRS 990 filings does Cornolia Cogswell Rossi Foundation Inc have?
Cornolia Cogswell Rossi Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.3M in total revenue.
How does the foundation cover its consistent operating deficits?
The consistent operating deficits suggest the foundation is drawing down its asset base to cover expenses, as evidenced by the significant decline in assets from $14.6 million in 2011 to $3.8 million in 2023.
What is the long-term sustainability plan given the declining assets?
The filings do not provide a long-term sustainability plan, but the trend of declining assets indicates a need for a revised financial strategy to ensure the foundation's future operations.
What percentage of expenses are allocated to program services versus administrative costs?
Without a detailed functional expense breakdown in the provided data, it's difficult to ascertain the exact program spending ratio, though the NTEE code T20 suggests a primary focus on grantmaking activities.
Filing History
IRS 990 filing history for Cornolia Cogswell Rossi Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Cornolia Cogswell Rossi Foundation Inc's revenue has grown by 282.7%, moving from $384K to $1.5M. Total assets decreased by 73.5% over the same period, from $14.6M to $3.9M. Total functional expenses rose by 195.9%, from $983K to $2.9M. In its most recent filing year (2023), Cornolia Cogswell Rossi Foundation Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.9M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $2.9M | $3.9M | $1 | — | View 990 |
| 2022 | $2.0M | $3.5M | $5.3M | $1 | — | View 990 |
| 2021 | $1.4M | $2.3M | $6.9M | $1 | — | — |
| 2020 | $1.1M | $2.2M | $7.8M | $1 | — | — |
| 2019 | $529K | $1.0M | $8.8M | $1 | — | View 990 |
| 2015 | $926K | $1.8M | $11.0M | $1 | — | View 990 |
| 2014 | $742K | $2.0M | $11.8M | $1 | — | View 990 |
| 2013 | $815K | $1.2M | $13.1M | $1 | — | View 990 |
| 2012 | $883K | $2.0M | $13.6M | $0 | — | View 990 |
| 2011 | $384K | $983K | $14.6M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $2.9M, and assets of $3.9M (revenue -24.9% year-over-year).
- 2022: Revenue of $2.0M, expenses of $3.5M, and assets of $5.3M (revenue +38.2% year-over-year).
- 2021: Revenue of $1.4M, expenses of $2.3M, and assets of $6.9M (revenue +25.2% year-over-year).
- 2020: Revenue of $1.1M, expenses of $2.2M, and assets of $7.8M (revenue +113.4% year-over-year).
- 2019: Revenue of $529K, expenses of $1.0M, and assets of $8.8M (revenue -42.9% year-over-year).
- 2015: Revenue of $926K, expenses of $1.8M, and assets of $11.0M (revenue +24.9% year-over-year).
- 2014: Revenue of $742K, expenses of $2.0M, and assets of $11.8M (revenue -9.0% year-over-year).
- 2013: Revenue of $815K, expenses of $1.2M, and assets of $13.1M (revenue -7.7% year-over-year).
- 2012: Revenue of $883K, expenses of $2.0M, and assets of $13.6M (revenue +130.2% year-over-year).
- 2011: Revenue of $384K, expenses of $983K, and assets of $14.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornolia Cogswell Rossi Foundation Inc:
Data Sources and Methodology
This transparency report for Cornolia Cogswell Rossi Foundation 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.