Collegeready Inc

Analysis

Collegeready Inc is a registered charity in United States, based in Green Bay, WI. It received its IRS tax-exemption ruling in May 1965, 61 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 August 2023, Collegeready Inc reported income of $608k and spending of $968k, spending 159% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $859k to $608k (-29%), an average of -8.3% a year. The sharpest change came in the year to August 2023, when income dropped by 44%. 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, Collegeready Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within WI. Charities of a similar size with the same main cause include Santa Cruz Childrens Foundation ($607k), We Care Learning and Development Center ($608k) and National First Ladies Library ($607k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 77% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $213k (22% of expenses). Other salaries and wages came to $177k. At year end it held assets of $8.6m against liabilities of $77k, net assets of $8.5m. It reported 9 employees.