Collegium Institute

Analysis

Collegium Institute is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Collegium Institute reported income of $754k and spending of $788k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $544k to $754k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2022, when income rose by 28%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Collegium Institute sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Fuller Normal and Industrial Institute ($754k), Centerstate Ceo Foundation Inc ($755k) and Joint Apprenticeship & Training Committee Paducah Div Southern ($754k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.3% of the total. Other salaries and wages came to $182k. At year end it held assets of $1.0m against liabilities of $713, net assets of $1.0m. It reported 8 employees.