Colombo American Foundation

Analysis

Colombo American Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colombo American Foundation reported income of $95k and spending of $119k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $95k (+9.0%), an average of +9.0% a year. Over the whole period it spent 110% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Colombo American Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 33rd percentile within NC. Charities of a similar size with the same main cause include Proyecto Compasion ($95k), Center for Health and Human Development ($95k) and Guluhelp Foundation Inc ($95k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.