Collaboration Center Foundation

Analysis

Collaboration Center Foundation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in June 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, Collaboration Center Foundation reported income of $6.3m and spending of $1.7m, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $6.3m (+2176%), an average of +118% a year. The sharpest change came in the year to December 2021, when income rose by 160%. Over the whole period it spent 43% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Collaboration Center Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NV. Charities of a similar size with the same main cause include Cen-Tex Family Services Inc ($6.3m), Hope and Healing Survivor Resource ($6.3m) and St Vincent de Paul Society ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $175k (10% of expenses). Other salaries and wages came to $417k. It paid $107k in professional fundraising fees. At year end it held assets of $10.4m against liabilities of $3.6m, net assets of $6.8m. It reported 11 employees.