Co-Lab Projects

Analysis

Co-Lab Projects is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Co-Lab Projects reported income of $133k and spending of $109k, spending 82% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $210k to $133k (-37%), an average of -14% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Co-Lab Projects sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Ri Slave History Medallions ($133k), Nia Theatrical Production Company Incorporated ($133k) and Broomfield Council on the Arts and Humanities ($132k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.9% of the total. At year end it held assets of $475k against liabilities of $315k, net assets of $160k.