College Affordable Inc

Analysis

College Affordable Inc is a registered charity in United States, based in Needham HGTS, MA. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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, College Affordable Inc reported income of $243k and spending of $196k, spending 80% of its income. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College Affordable Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Wyandotte Public Schools Foundation ($243k), Garden City Ballet Company ($244k) and Moorhead Area Education Foundation ($243k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $66k (34% of expenses). Other salaries and wages came to $39k. At year end it held assets of $57k against liabilities of $29k, net assets of $28k. It reported 6 employees.