Collins Group Inc

Analysis

Collins Group Inc is a registered charity in United States, based in Windsor, CT. It received its IRS tax-exemption ruling in May 1994, 32 years ago. 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 June 2023, Collins Group Inc reported income of $516k and spending of $542k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $596k to $516k (-13%), an average of -3.5% a year. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Collins Group Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within CT. Charities of a similar size with the same main cause include National Alliance of Recovery Residences Inc ($516k), PTA Colorado Congress ($516k) and Edwards Initiative Inc ($516k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $8,333. At year end it held assets of $3.7m against liabilities of $691k, net assets of $3.0m.

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.