The Colossian Forum

Analysis

The Colossian Forum is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, The Colossian Forum reported income of $1.3m and spending of $1.8m, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $807k to $1.3m (+56%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Colossian Forum sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Mauldin Ministries Inc ($1.3m), Raise the Roof Academy ($1.3m) and Fellowship Missionary Baptist Church Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $151k (8.5% of expenses). Other salaries and wages came to $641k. At year end it held assets of $2.5m against liabilities of $1.5m, net assets of $1.1m. It reported 10 employees.