Parents Association Colfax Elementary

Analysis

Parents Association Colfax Elementary is a registered charity in United States, based in N Hollywood, CA. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Parents Association Colfax Elementary reported income of $626k and spending of $485k, leaving 23% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $413k to $626k (+51%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 41%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Parents Association Colfax Elementary sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Chicago Msa ($626k), White Harvest Foundation ($627k) and Dickinson Public Schools Foundation Inc ($626k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 77% and program service revenue 18% of the total. At year end it held assets of $944k against liabilities of $0, net assets of $944k.