Color Street Foundation Inc

Analysis

Color Street Foundation Inc is a registered charity in United States, based in Clifton, NJ. It received its IRS tax-exemption ruling in April 2019, 7 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, Color Street Foundation Inc reported income of $500k and spending of $610k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $500k (-70%), an average of -26% a year. The sharpest change came in the year to December 2021, when income rose by 266%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Color Street Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Insight Womens Center Inc ($500k), Christ Lutheran Early Childhood Development Program Inc ($500k) and Bruceton Community Ambulance Service Inc ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (11% of expenses). Other salaries and wages came to $92k. At year end it held assets of $284k against liabilities of $1,783, net assets of $282k. It reported 2 employees.