Peter G Colton Memorial Fund

Analysis

Peter G Colton Memorial Fund is a registered charity in United States, based in Winchester, MA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Peter G Colton Memorial Fund reported income of $198k and spending of $115k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $305k to $198k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Peter G Colton Memorial Fund sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Friends of Canfield ($198k), Friends of Lancaster University in America Inc ($198k) and Elim Childrens Center Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $221k against liabilities of $0, net assets of $221k.