Collar Works

Analysis

Collar Works is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in January 2016, 10 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 August 2023, Collar Works reported income of $707k and spending of $181k, leaving 74% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $138k to $707k (+411%), an average of +411% a year. The sharpest change came in the year to August 2023, when income rose by 411%. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Collar Works 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 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Dakota Wicohan ($707k), Broadway for Arts Education Inc ($707k) and Mercer County Family Crisis Center ($707k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 92% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $10k (5.5% of expenses). Other salaries and wages came to $33k. At year end it held assets of $587k against liabilities of $146, net assets of $587k. It reported 4 employees.