Colloqate Design

Analysis

Colloqate Design is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2018, 8 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 January 2024, Colloqate Design reported income of $1.1m and spending of $1.6m, spending 154% of what it took in. Across the 4 years on record, from January 2021 to January 2024, income grew from $453k to $1.1m (+133%), an average of +32% a year. The sharpest change came in the year to January 2022, when income rose by 268%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colloqate Design sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within LA. Charities of a similar size with the same main cause include Lifeway Center Inc ($1.1m), Allen Temple Development Corporation No 2 ($1.1m) and Pilgrim Baptist Church of San Mateo ($1.1m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 1.9% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $98k (6.0% of expenses). Other salaries and wages came to $505k. At year end it held assets of $1.3m against liabilities of $236k, net assets of $1.1m. It reported 11 employees.