Colfax Restoration Project Inc

Analysis

Colfax Restoration Project Inc is a registered charity in United States, based in Colfax, IL. It received its IRS tax-exemption ruling in September 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, Colfax Restoration Project Inc reported income of $102k and spending of $57k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $102k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 50% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Colfax Restoration Project Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within IL. Charities of a similar size with the same main cause include Montana Land Title Association Foundation Inc ($102k), Downtown Middletown District Management Association Inc ($102k) and Destination Downtown Dover Inc ($102k).

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 $126k against liabilities of $0, net assets of $126k.