Colettes Children Home Inc

Analysis

Colettes Children Home Inc is a registered charity in United States, based in Huntingtn BCH, CA. It received its IRS tax-exemption ruling in May 1999, 27 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 September 2023, Colettes Children Home Inc reported income of $3.3m and spending of $3.2m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.1m to $3.3m (-21%), an average of -5.8% a year. The sharpest change came in the year to September 2021, when income dropped by 33%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Colettes Children Home Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Freedom House ($3.3m), HCP of Illinois Inc ($3.3m) and V&t Residential Services ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $167k (5.3% of expenses). Other salaries and wages came to $576k. At year end it held assets of $22.2m against liabilities of $6.6m, net assets of $15.6m. It reported 21 employees.