Meaning in Colors

Analysis

Meaning in Colors is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 2017, 9 years ago. 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 December 2023, Meaning in Colors reported income of $199k and spending of $195k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $159k to $199k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Meaning in Colors sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include Boys and Girls Club of Northeastern Pennsylvania Foundation ($199k), New Horizons Unlimited Incorporated ($199k) and Dinner at Your Door ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.