Collaborative Solutions Inc

Analysis

Collaborative Solutions Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Collaborative Solutions Inc reported income of $3.6m and spending of $3.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.6m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Collaborative Solutions Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within AL. Charities of a similar size with the same main cause include Visions for Creative Housing Solutions ($3.6m), True North Housing Alliance Inc ($3.6m) and Crossroads Housing ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $173k (5.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.6m against liabilities of $409k, net assets of $1.2m.