Startup Columbus Inc

Analysis

Startup Columbus Inc is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in July 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, Startup Columbus Inc reported income of $359k and spending of $359k, spending 100% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $503k to $359k (-29%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Startup Columbus Inc 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 65th percentile, and in the 69th percentile within GA. Charities of a similar size with the same main cause include Operation Our Town ($358k), Baby Cakes and Brunch ($359k) and Palm Beach Tech Foundation Inc ($358k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $87k (24% of expenses). Other salaries and wages came to $43k. It paid $40 in professional fundraising fees. At year end it held assets of $103k against liabilities of $4,412, net assets of $99k. It reported 2 employees.