Colab
EIN: 263934828 · Chattanooga, TN · NTEE: A20
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $801K |
| Net Assets | $556K |
Is Colab Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Colab
Colab (EIN: 263934828) is a nonprofit organization based in Chattanooga, TN, classified under NTEE code A20. The organization reported total revenue of $1.2M and total assets of $528K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colab's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colab is a mid-size nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $775K |
| Total Expenses | $801K |
| Surplus / Deficit | $-25,989 |
| Total Assets | $581K |
| Total Liabilities | $25K |
| Net Assets | $556K |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 4.3% |
| Months of Reserves | 8.7 months |
Financial Health Grade: B
In 2022, Colab reported a deficit of $26K with expenses exceeding revenue, holds 8.7 months of operating reserves (strong position), has a debt-to-asset ratio of 4.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Colab's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +19.2% | -9.1% | -4.1% |
| 2021 | -32.9% | +5.7% | -26.9% |
| 2020 | -0.4% | -8.2% | +16.5% |
| 2019 | -7.7% | +2.6% | +8.3% |
| 2018 | +63.5% | -16.3% | +30.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Colab has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Colab with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.3%.
Frequently Asked Questions about Colab
Is Colab a legitimate charity?
Based on AI analysis of IRS 990 filings, Colab (EIN: 263934828) insufficient data. 0 red flags identified, 0 strengths noted.
How does Colab spend its money?
Detailed spending breakdown data is not yet available for Colab. Check back for updated IRS 990 analysis.
Are donations to Colab tax-deductible?
Colab is registered as a tax-exempt nonprofit (EIN: 263934828). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Colab located?
Colab is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 263934828. It is classified under NTEE code A20.
How many years of IRS 990 filings does Colab have?
Colab has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
Filing History
IRS 990 filing history for Colab showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Colab's revenue has declined by 42.6%, moving from $1.3M to $775K. Total assets decreased by 0.3% over the same period, from $583K to $581K. Total functional expenses fell by 26%, from $1.1M to $801K. In its most recent filing year (2022), Colab reported a deficit of $26K, with expenses exceeding revenue. The organization holds $25K in liabilities against $581K in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $556K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $775K | $801K | $581K | $25K | — | View 990 |
| 2021 | $650K | $881K | $606K | $24K | — | View 990 |
| 2020 | $970K | $834K | $829K | $25K | — | — |
| 2019 | $974K | $908K | $711K | $37K | — | View 990 |
| 2018 | $1.1M | $885K | $657K | $52K | — | View 990 |
| 2017 | $645K | $1.1M | $505K | $70K | — | View 990 |
| 2016 | $1.6M | $1.2M | $899K | $61K | — | View 990 |
| 2015 | $1.6M | $1.4M | $525K | $99K | — | View 990 |
| 2014 | $975K | $1.1M | $204K | $21K | — | View 990 |
| 2013 | $710K | $876K | $329K | $57K | — | View 990 |
| 2012 | $782K | $860K | $446K | $9K | — | View 990 |
| 2011 | $1.3M | $1.1M | $583K | $67K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $775K, expenses of $801K, and assets of $581K (revenue +19.2% year-over-year).
- 2021: Revenue of $650K, expenses of $881K, and assets of $606K (revenue -32.9% year-over-year).
- 2020: Revenue of $970K, expenses of $834K, and assets of $829K (revenue -0.4% year-over-year).
- 2019: Revenue of $974K, expenses of $908K, and assets of $711K (revenue -7.7% year-over-year).
- 2018: Revenue of $1.1M, expenses of $885K, and assets of $657K (revenue +63.5% year-over-year).
- 2017: Revenue of $645K, expenses of $1.1M, and assets of $505K (revenue -60.9% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.2M, and assets of $899K (revenue +2.8% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.4M, and assets of $525K (revenue +64.6% year-over-year).
- 2014: Revenue of $975K, expenses of $1.1M, and assets of $204K (revenue +37.4% year-over-year).
- 2013: Revenue of $710K, expenses of $876K, and assets of $329K (revenue -9.2% year-over-year).
- 2012: Revenue of $782K, expenses of $860K, and assets of $446K (revenue -42.1% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.1M, and assets of $583K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colab:
Data Sources and Methodology
This transparency report for Colab is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.