Colaborativopr Inc

Analysis

Colaborativopr Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Colaborativopr Inc reported income of $706k and spending of $672k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $396k to $706k (+78%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 78%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colaborativopr Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 62nd percentile within PR. Charities of a similar size with the same main cause include Aspire Community Capital ($706k), Ieg Global Corporation ($706k) and Benola Inc ($706k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $80k (12% of expenses). Other salaries and wages came to $123k. At year end it held assets of $654k against liabilities of $243k, net assets of $412k. It reported 3 employees.