Collision Industry Foundation Inc

Analysis

Collision Industry Foundation Inc is a registered charity in United States, based in Mechanicsvlle, VA. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Collision Industry Foundation Inc reported income of $177k and spending of $89k, leaving 50% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $224k to $177k (-21%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Collision Industry Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include West Michigan Friendship Center ($177k), United Through Hope ($177k) and Quilters Unlimited ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $417k against liabilities of $15k, net assets of $402k.