Colour Entertainment Inc

Analysis

Colour Entertainment Inc is a registered charity in United States, based in Tarzana, CA. It received its IRS tax-exemption ruling in June 2018, 8 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 December 2023, Colour Entertainment Inc reported income of $60k and spending of $73k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $65k to $60k (-7.7%), an average of -7.7% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colour Entertainment Inc sits at the 27th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Journal of Free Speech Law ($60k), Story Leaf ($60k) and Elaine Massacre Memorial Committee ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $107k against liabilities of $0, net assets of $107k.