Collegetracks Inc

Analysis

Collegetracks Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in May 2006, 20 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, Collegetracks Inc reported income of $2.5m and spending of $2.7m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.5m (+24%), an average of +5.4% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Collegetracks Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Womens Funding Network ($2.5m), Classroom Champions Inc ($2.5m) and Impact Campus Ministries Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $181k (6.7% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $847k against liabilities of $675k, net assets of $172k. It reported 38 employees.

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.