Collette Foundation
Collette Foundation consistently maintains strong financial health with growing assets and no reported officer compensation.
EIN: 208256603 · Pawtucket, RI · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $455K |
| Total Expenses | $201K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2.6 |
| Net Assets | $2.6M |
| Transparency Score | 92/100 |
Is Collette Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Collette Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Collette Foundation
Collette Foundation (EIN: 208256603) is a nonprofit organization based in Pawtucket, RI, classified under NTEE code T20. The organization reported total revenue of $455K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Collette Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Collette Foundation is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $432K |
| Total Expenses | $201K |
| Surplus / Deficit | +$231K |
| Total Assets | $2.6M |
| Total Liabilities | $1 |
| Net Assets | $2.6M |
| Operating Margin | 53.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 157.6 months |
Financial Health Grade: A
In 2023, Collette Foundation reported a surplus of $231K with revenue exceeding expenses, holds 157.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Collette Foundation's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +130.8% | +106.8% | +9.6% |
| 2022 | -24.9% | -63.4% | +3.9% |
| 2021 | +68.4% | +240.7% | -0.7% |
| 2020 | -76.5% | -27.8% | +3.1% |
| 2019 | +84.9% | -59.5% | +101.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Collette Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Collette Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $231K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The Collette Foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer categories, which is highly favorable for a foundation of its size with assets exceeding $2.6 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Collette Foundation's IRS 990 filings:
- Fluctuating revenue year-over-year, requiring careful monitoring of funding sources.
Strengths
The following positive indicators were identified for Collette Foundation:
- Consistent asset growth, demonstrating strong financial management.
- Zero reported officer compensation, indicating high transparency and potentially volunteer leadership.
- Low liabilities ($1 in recent years), signifying excellent financial stability.
- Efficient spending, with expenses consistently well below revenue in most periods.
- Healthy surplus generation in most recent years, contributing to sustainability.
Frequently Asked Questions about Collette Foundation
Is Collette Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Collette Foundation (EIN: 208256603) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Collette Foundation spend its money?
Collette Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Collette Foundation tax-deductible?
Collette Foundation is registered as a tax-exempt nonprofit (EIN: 208256603). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Collette Foundation CEO make?
Collette Foundation's highest-compensated officer earns $2.6 annually. The organization reported $455K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Collette Foundation's spending goes to programs?
Collette Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Collette Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Collette Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Collette Foundation located?
Collette Foundation is headquartered in Pawtucket, Rhode Island and files with the IRS under EIN 208256603. It is classified under NTEE code T20.
How many years of IRS 990 filings does Collette Foundation have?
Collette Foundation has 10 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 $455K in total revenue.
Is Collette Foundation a good charity?
Based on its financial data, Collette Foundation appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, and highly efficient spending with no reported officer compensation.
How does Collette Foundation manage its expenses?
The foundation manages its expenses very efficiently. For example, in 2023, expenses were $201,064 against revenue of $432,315, indicating a significant portion of revenue is retained or directed towards its mission rather than consumed by operational costs.
What is the trend in Collette Foundation's assets?
Collette Foundation shows a strong upward trend in assets, growing from $1,123,753 in 2015 to $2,639,880 in 2023, indicating robust financial stewardship and accumulation of resources.
Filing History
IRS 990 filing history for Collette Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Collette Foundation's revenue has grown by 82.8%, moving from $237K to $432K. Total assets increased by 221.9% over the same period, from $820K to $2.6M. Total functional expenses fell by 32.9%, from $300K to $201K. In its most recent filing year (2023), Collette Foundation reported a surplus of $231K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $432K | $201K | $2.6M | $1 | — | — |
| 2022 | $187K | $97K | $2.4M | $1 | — | View 990 |
| 2021 | $249K | $265K | $2.3M | $1 | — | View 990 |
| 2020 | $148K | $78K | $2.3M | $1 | — | View 990 |
| 2019 | $629K | $108K | $2.3M | $0 | — | View 990 |
| 2015 | $340K | $266K | $1.1M | $0 | — | View 990 |
| 2014 | $266K | $113K | $1.0M | $0 | — | View 990 |
| 2013 | $443K | $181K | $897K | $0 | — | View 990 |
| 2012 | $423K | $608K | $635K | $0 | — | View 990 |
| 2011 | $237K | $300K | $820K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $432K, expenses of $201K, and assets of $2.6M (revenue +130.8% year-over-year).
- 2022: Revenue of $187K, expenses of $97K, and assets of $2.4M (revenue -24.9% year-over-year).
- 2021: Revenue of $249K, expenses of $265K, and assets of $2.3M (revenue +68.4% year-over-year).
- 2020: Revenue of $148K, expenses of $78K, and assets of $2.3M (revenue -76.5% year-over-year).
- 2019: Revenue of $629K, expenses of $108K, and assets of $2.3M (revenue +84.9% year-over-year).
- 2015: Revenue of $340K, expenses of $266K, and assets of $1.1M (revenue +28.1% year-over-year).
- 2014: Revenue of $266K, expenses of $113K, and assets of $1.0M (revenue -40.0% year-over-year).
- 2013: Revenue of $443K, expenses of $181K, and assets of $897K (revenue +4.7% year-over-year).
- 2012: Revenue of $423K, expenses of $608K, and assets of $635K (revenue +78.7% year-over-year).
- 2011: Revenue of $237K, expenses of $300K, and assets of $820K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Collette Foundation:
Data Sources and Methodology
This transparency report for Collette Foundation 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.