Colmena Academy

Analysis

Colmena Academy is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colmena Academy reported income of $313k and spending of $304k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $165k to $313k (+89%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colmena Academy sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Colorado State University System Foundation ($313k), Massena Public Library ($313k) and Brian Littleton Foundation ($313k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Other salaries and wages came to $193k. At year end it held assets of $16k against liabilities of $3,149, net assets of $13k. It reported 10 employees.