Colab Foundation

Analysis

Colab Foundation is a registered charity in United States, based in Santa Maria, CA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Colab Foundation reported income of $84k and spending of $61k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $84k (-2.0%), an average of -2.0% a year. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Colab Foundation 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 35th percentile within CA. Charities of a similar size with the same main cause include Generation Her ($84k), Hopatcong Seniors Inc ($84k) and Cortlandia Fund Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $169k against liabilities of $0, net assets of $169k.