Publicolor Inc

Analysis

Publicolor Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Publicolor Inc reported income of $4.7m and spending of $3.9m, spending 83% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.3m to $4.7m (+44%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Publicolor Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Rocky Mountain Academy of Evergreen Inc ($4.7m), Chaffey College Foundation ($4.7m) and Goodwill Excel Center Midsouth Inc ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $482k (12% of expenses). Other salaries and wages came to $1.7m. It paid $5,000 in professional fundraising fees. At year end it held assets of $5.9m against liabilities of $1.0m, net assets of $4.9m. It reported 42 employees.