Colere Network Inc

Analysis

Colere Network Inc is a registered charity in United States, based in Stokesdale, NC. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Colere Network Inc reported income of $54k and spending of $50k, spending 93% of its income. Across the 2 years on record, from December 2020 to December 2023, income fell from $208k to $54k (-74%), an average of -74% a year. The sharpest change came in the year to December 2023, when income dropped by 74%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Colere Network Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Real Love Ministries Int ($54k), Pathfinder Mission ($54k) and Life & Strength ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $3,520 against liabilities of $0, net assets of $3,520.