Colorofchangeorg Education Fund Inc

Analysis

Colorofchangeorg Education Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. 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 June 2023, Colorofchangeorg Education Fund Inc reported income of $15.6m and spending of $27.6m, spending 177% of what it took in. Across the 4 years on record, from December 2019 to June 2023, income grew from $14.7m to $15.6m (+6.4%), an average of +2.1% a year. The sharpest change came in the year to June 2020, when income dropped by 100%. Over the whole period it spent 99% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Colorofchangeorg Education Fund Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Cultural Survival Inc ($15.6m), Atlanta Legal Aid Society Inc ($15.7m) and Onondaga County Bar Association Assigned Counsel Program Inc ($15.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. At year end it held assets of $41.0m against liabilities of $44.4m, net assets of -$3.4m.