Collegium

Analysis

Collegium is a registered charity in United States, based in Savage, MN. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2023, Collegium reported income of $295k and spending of $263k, spending 89% of its income. Across the 3 years on record, from August 2020 to August 2023, income grew from $294k to $295k (+0.2%), an average of +0.1% a year. The sharpest change came in the year to August 2022, when income rose by 24%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Collegium sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Onnuri Church of Anchorage ($295k), Project Concern of Cudahy-St Francis Inc ($295k) and Christian Performing Artists Fellowship ($295k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. At year end it held assets of $164k against liabilities of $48k, net assets of $115k.