1000 Dollar Start-Ups Consortium

Analysis

1000 Dollar Start-Ups Consortium is a registered charity in United States, based in Fern BCH, FL. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 1000 Dollar Start-Ups Consortium reported income of $90k and spending of $52k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $230k to $90k (-61%), an average of -61% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 28% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 1000 Dollar Start-Ups Consortium sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Snitch Network Corporation ($90k), Startupsac ($90k) and Atutu ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.9% of the total. At year end it held assets of $242k against liabilities of $0, net assets of $242k.