Democracy Collaborative Foundation Inc

Analysis

Democracy Collaborative Foundation Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 2004, 22 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 December 2023, Democracy Collaborative Foundation Inc reported income of $3.9m and spending of $2.5m, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.5m to $3.9m (-29%), an average of -8.4% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Democracy Collaborative Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Arizona Sheet Metal Joint Apprenticeship and Training Commit ($3.9m), Key Educational Group ($3.9m) and Commonwealth Institute of Funeral Service ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $366k (15% of expenses). Other salaries and wages came to $769k. At year end it held assets of $2.7m against liabilities of $1.4m, net assets of $1.3m. It reported 10 employees.