Consiliumbots Inc

Analysis

Consiliumbots Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in September 2019, 7 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 December 2023, Consiliumbots Inc reported income of $654k and spending of $841k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $317k to $654k (+106%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 70%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Consiliumbots Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CT. Charities of a similar size with the same main cause include Mississippi Council on Economic Education ($654k), Texas Restaurant Association Education Foundation Inc ($654k) and Florida State University College of Business Student Invest ($654k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $88k (10% of expenses). Other salaries and wages came to $365k. At year end it held assets of $219k against liabilities of $43k, net assets of $176k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.