The Colleagues

Analysis

The Colleagues is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in November 1951, 75 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 June 2023, The Colleagues reported income of $973k and spending of $843k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $406k to $973k (+139%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Colleagues sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Wenatchee Christian Early Learning ($972k), Making a Great Individual Contribution Inc ($973k) and Ruth M Smith Center ($972k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 21% of the total. At year end it held assets of $647k against liabilities of $3,765, net assets of $643k.