College Factory Inc

Analysis

College Factory Inc is a registered charity in United States, based in Athens, GA. 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 August 2023, College Factory Inc reported income of $125k and spending of $148k, spending 119% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $89k to $125k (+40%), an average of +40% a year. The sharpest change came in the year to August 2023, when income rose by 40%. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College Factory Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within GA. Charities of a similar size with the same main cause include Roaring Brook School PTO ($124k), Birmingham Duplicate Bridge Club ($125k) and Ohel Rivkah Foundation ($124k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $1,079, net assets of $29k.