Colter Commons Inc

Analysis

Colter Commons Inc is a registered charity in United States, based in Glendale, AZ. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colter Commons Inc reported income of $407k and spending of $511k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $389k to $407k (+4.6%), an average of +1.1% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Colter Commons Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within AZ. Charities of a similar size with the same main cause include Dorobo Fund for Tanzania Inc ($407k), Zach Speegle Ministries ($407k) and Plano Community Home Phase V Inc ($407k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $124k. At year end it held assets of $4.1m against liabilities of $113k, net assets of $3.9m.

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.