Foliocollaborative Inc

Analysis

Foliocollaborative Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Foliocollaborative Inc reported income of $1.4m and spending of $1.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.4m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foliocollaborative Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Jefferson Community and Technical College Foundation Inc ($1.4m), Roosevelt Island Day Nursery Inc ($1.4m) and American College of Real Estate Lawyers ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $187k (15% of expenses). Other salaries and wages came to $424k. At year end it held assets of $323k against liabilities of $7,129, net assets of $316k. It reported 9 employees.