Collings Foundation Inc

Analysis

Collings Foundation Inc is a registered charity in United States, based in Hudson, MA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 November 2023, Collings Foundation Inc reported income of $28.4m and spending of $3.4m, leaving 88% of income unspent that year. Across the 6 years on record, from November 2018 to November 2023, income grew from $812k to $28.4m (+3395%), an average of +104% a year. The sharpest change came in the year to November 2019, when income rose by 8789%. Over the whole period it spent 8.7% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Collings Foundation Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Phillip and Patricia Frost Museum of Science Inc ($28.4m), Armand Hammer Museum of Art and Cultural Center Inc ($28.7m) and The Fred Rogers Company ($28.0m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $473k (14% of expenses). Other salaries and wages came to $269k. At year end it held assets of $116.0m against liabilities of $715k, net assets of $115.3m.