Donors of Color Network Inc

Analysis

Donors of Color Network Inc is a registered charity in United States, based in Beaverton, OR. It received its IRS tax-exemption ruling in August 2016, 10 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 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, Donors of Color Network Inc reported income of $949k and spending of $3.1m, spending 326% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $949k (-57%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 1133%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Donors of Color Network Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OR. Charities of a similar size with the same main cause include Leaders in Furthering Education Inc ($949k), Restore a Child Inc ($949k) and Friends of Chabad-Lubavitch Bolivia ($949k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $359k (12% of expenses). Other salaries and wages came to $732k. At year end it held assets of $5.2m against liabilities of $210k, net assets of $5.0m. It reported 11 employees.