Collective Focus Resource Hub Inc

Analysis

Collective Focus Resource Hub Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Collective Focus Resource Hub Inc reported income of $171k and spending of $222k, spending 130% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $149k to $171k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Collective Focus Resource Hub Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include TKJ Charities Inc ($171k), Bible Optics Inc ($171k) and Hancock Brooke Ohio Counties Victim Assistance Program Inc ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $69k against liabilities of $0, net assets of $69k.