Collaborative Composite Solutions Corporation

Analysis

Collaborative Composite Solutions Corporation is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Collaborative Composite Solutions Corporation reported income of $9.6m and spending of $9.8m, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $15.2m to $9.6m (-37%), an average of -14% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Collaborative Composite Solutions Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Alameda Family Services ($9.6m), Every Meal ($9.6m) and Bayberry Inc ($9.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $604k (6.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.1m against liabilities of $3.5m, net assets of $610k. It reported 18 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.