Collegespring Inc

Analysis

Collegespring Inc is a registered charity in United States, based in Walnut Creek, CA. It received its IRS tax-exemption ruling in December 2010, 16 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, Collegespring Inc reported income of $1.9m and spending of $3.2m, spending 172% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.3m to $1.9m (-57%), an average of -19% a year. The sharpest change came in the year to June 2023, when income dropped by 57%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Collegespring Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Creekside Montessori School ($1.9m), International Institute for Sustainable Laboratories ($1.9m) and Kraybill Mennonite School Corporation ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $772k (24% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.2m against liabilities of $266k, net assets of $2.9m. It reported 33 employees.