Colbert Senior Citizens Inc

Analysis

Colbert Senior Citizens Inc is a registered charity in United States, based in Colbert, OK. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, 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 2023, Colbert Senior Citizens Inc reported income of $138k and spending of $106k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $138k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Colbert Senior Citizens Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OK. Charities of a similar size with the same main cause include Breakout Foundation Inc ($138k), Homenetmen Eastern Region Inc ($138k) and Franklin Neighborhood Development Corporation ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.