The Coleridge Initiative Inc

Analysis

The Coleridge Initiative Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2018, 8 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, The Coleridge Initiative Inc reported income of $10.1m and spending of $9.7m, spending 97% of its income. Across the 6 years on record, from August 2019 to December 2023, income grew from $284k to $10.1m (+3445%), an average of +104% a year. The sharpest change came in the year to December 2020, when income rose by 23896%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Coleridge Initiative Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 87th percentile within DC. Charities of a similar size with the same main cause include Calvert County Day School Inc ($10.1m), Rochdale Early Advantage Charter School ($10.1m) and Education Forward DC ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $1.6m (17% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $7.7m against liabilities of $4.2m, net assets of $3.6m. It reported 33 employees.