Code313 Inc

Analysis

Code313 Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in January 2023, 3 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, Code313 Inc reported income of $630k and spending of $591k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $482k to $630k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Code313 Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Coalition for D C Representation Education Fund ($630k), Exeter Library Association ($630k) and Auburn Classical Academy Inc ($630k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 78% of the total. Other salaries and wages came to $84k. At year end it held assets of $142k against liabilities of $2,070, net assets of $139k. It reported 28 employees.