Columbus Compact Corporation

Analysis

Columbus Compact Corporation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Columbus Compact Corporation reported income of $113k and spending of $87k, leaving 23% of income unspent that year. Across the 6 years on record, from June 2018 to December 2023, income grew from $46k to $113k (+146%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 257%. Over the whole period it spent 195% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Columbus Compact Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Society for Marketing Professional Services Foundation ($113k), Friendship Circle Association Inc ($113k) and Social Ventures Foundation ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. At year end it held assets of $102k against liabilities of $66k, net assets of $36k.