Colombos Charitable Foundation

Analysis

Colombos Charitable Foundation is a registered charity in United States, based in Bowling Green, OH. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Colombos Charitable Foundation reported income of $440k and spending of $406k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $329k to $440k (+34%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colombos Charitable Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include American University of Iraq Foundation Inc ($440k), Berkeley Alembic Foundation ($440k) and Blue Grass Resource Center ($440k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.1m against liabilities of $2.8m, net assets of $266k.