Cologne Academy Building Company

Analysis

Cologne Academy Building Company is a registered charity in United States, based in Cologne, MN. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cologne Academy Building Company reported income of $1.1m and spending of $918k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $991k to $1.1m (+11%), an average of +2.6% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cologne Academy Building Company sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Vertex Nonprofit Organization ($1.1m), Hanna Fenichel Nursery School ($1.1m) and Central Illinois Educational Opportunities Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $12.9m against liabilities of $13.1m, net assets of -$188k.