Columbus Fashion Initiative

Analysis

Columbus Fashion Initiative is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 Fashion Initiative reported income of $1.5m and spending of $1.7m, spending 114% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $567k to $1.5m (+165%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 94%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Columbus Fashion Initiative sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Homeword ($1.5m), Elevate New England Inc ($1.5m) and Taylor Diversion Programs Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $136k (7.9% of expenses). Other salaries and wages came to $343k. At year end it held assets of $222k against liabilities of $26k, net assets of $196k. It reported 6 employees.