College Is Real Inc

Analysis

College Is Real Inc is a registered charity in United States, based in Danville, CA. It received its IRS tax-exemption ruling in September 2007, 19 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, College Is Real Inc reported income of $1.1m and spending of $652k, leaving 39% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $427k to $1.1m (+149%), an average of +36% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College Is Real Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Cape Christian Academy ($1.1m), Hanging Moss Preschool and Nusery Hanging Moss Church of Christ ($1.1m) and Cornerstone School of Summit Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $261k. At year end it held assets of $1.1m against liabilities of $2,984, net assets of $1.1m. It reported 4 employees.