Collabheration

Analysis

Collabheration is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Collabheration reported income of $60k and spending of $49k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $60k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Collabheration sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Grand Haven Womans Club Inc ($60k), Ranken Community Development Corp ($60k) and Lights of the Northwoods ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.