Dev Color

Analysis

Dev Color is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2022, Dev Color reported income of $2.8m and spending of $3.2m, spending 115% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.1m to $2.8m (+156%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 194%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Dev Color sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Women Business Leaders of the U S Health Care Industry Foundation ($2.8m), J H P Inc ($2.8m) and New Orleans Bioinnovation Center Inc ($2.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 92% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $358k (11% of expenses). Other salaries and wages came to $187k. At year end it held assets of $885k against liabilities of $39k, net assets of $846k. It reported 4 employees.