Of Color Inc

Analysis

Of Color Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Of Color Inc reported income of $1.8m and spending of $1.5m, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $292k to $1.8m (+501%), an average of +82% a year. The sharpest change came in the year to December 2021, when income rose by 265%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Of Color Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within IL. Charities of a similar size with the same main cause include Happy House Inc ($1.8m), Hardbeauty Foundation ($1.8m) and Northeast Ohio SPCA Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $134k (8.9% of expenses). Other salaries and wages came to $699k. At year end it held assets of $700k against liabilities of $325k, net assets of $375k. It reported 20 employees.