Collington Foundation Inc

Analysis

Collington Foundation Inc is a registered charity in United States, based in Mitchellville, MD. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Collington Foundation Inc reported income of $657k and spending of $945k, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $538k to $657k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Collington Foundation Inc 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 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include Promise Center Incorporated ($657k), Teen Recovery Solutions Inc ($657k) and Tennessee Trucking Foundation Inc ($657k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $7.2m against liabilities of $525k, net assets of $6.7m.