Digital Collegium

Analysis

Digital Collegium is a registered charity in United States, based in Hendersib, NV. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Digital Collegium reported income of $898k and spending of $923k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $716k to $898k (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2022, when income rose by 103%. 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, Digital Collegium sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within NV. Charities of a similar size with the same main cause include Astoria High School Scholarships Inc ($898k), Lourdes Foundation Inc ($898k) and Sankofa Middle School of Creative and Performing Arts Inc ($897k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $143k (15% of expenses). Other salaries and wages came to $73k. At year end it held assets of $509k against liabilities of $14k, net assets of $495k. It reported 2 employees.