Free Columbia Inc

Analysis

Free Columbia Inc is a registered charity in United States, based in Hillsdale, NY. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Free Columbia Inc reported income of $108k and spending of $114k, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $103k to $108k (+4.3%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Free Columbia Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Center for Creative Exploration ($108k), Santa Barbara Club Preservation Foundation ($108k) and Riverfront Renaissance Center for the Arts Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $32k (28% of expenses). Other salaries and wages came to $37k. At year end it held assets of $64k against liabilities of $13k, net assets of $51k. It reported 4 employees.