Collaboraid Inc

Analysis

Collaboraid Inc is a registered charity in United States, based in Pennsauken, NJ. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 March 2021, Collaboraid Inc reported income of $83k and spending of $95k, spending 115% of what it took in. Across the 2 years on record, from March 2020 to March 2021, income grew from $67k to $83k (+24%), an average of +24% a year. The sharpest change came in the year to March 2021, when income rose by 24%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Collaboraid Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 39th percentile within NJ. Charities of a similar size with the same main cause include Road Runners Club of America ($83k), B Love Foundation ($83k) and R Fathers Mad ($83k).

At year end it held assets of $29k against liabilities of $0, net assets of $29k.