La Colaborativa Inc
La Colaborativa: Rapid Growth, Strong Program Spending, and Community Impact
EIN: 222906521 · Chelsea, MA · NTEE: P20B · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $28.1M |
| Total Expenses | $5.0M |
| Program Spending | 80% |
| Net Assets | $11.2M |
| Transparency Score | 88/100 |
Is La Colaborativa Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
La Colaborativa Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About La Colaborativa Inc
La Colaborativa Inc (EIN: 222906521) is a nonprofit organization based in Chelsea, MA, classified under NTEE code P20B. The organization reported total revenue of $28.1M and total assets of $28.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of La Colaborativa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
La Colaborativa Inc is a large nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.4M |
| Total Expenses | $5.0M |
| Surplus / Deficit | +$2.4M |
| Total Assets | $16.8M |
| Total Liabilities | $5.6M |
| Net Assets | $11.2M |
| Operating Margin | 32.5% |
| Debt-to-Asset Ratio | 33.4% |
| Months of Reserves | 40.4 months |
Financial Health Grade: A
In 2023, La Colaborativa Inc reported a surplus of $2.4M with revenue exceeding expenses, holds 40.4 months of operating reserves (strong position), has a debt-to-asset ratio of 33.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), La Colaborativa Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.9% | +6.2% | +18.5% |
| 2022 | +26.3% | +29.3% | +140.1% |
| 2021 | +39.4% | +113.9% | +78.5% |
| 2020 | +281.9% | +31.7% | +949.9% |
| 2019 | -10.8% | -12.6% | -31.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1988 |
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 La Colaborativa Inc with a Mission Score of 88 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, La Colaborativa Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $2.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.4%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given the organization's rapid growth and significant revenue, it warrants further investigation to ensure it aligns with industry standards and organizational size.
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.
Strengths
The following positive indicators were identified for La Colaborativa Inc:
- Exceptional revenue growth from $1.1M in 2019 to $7.4M in 2023, demonstrating strong fundraising and community support.
- Consistent allocation of a high percentage of expenses to programs, indicating effective use of funds for its mission.
- Significant increase in assets from $315,105 in 2019 to $16,810,572 in 2023, reflecting robust financial health and capacity.
- Low liability-to-asset ratio, suggesting sound financial management and minimal debt burden.
Frequently Asked Questions about La Colaborativa Inc
Is La Colaborativa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, La Colaborativa Inc (EIN: 222906521) appears legitimate. Mission Score: 88/100. 0 red flags identified, 4 strengths noted.
How does La Colaborativa Inc spend its money?
La Colaborativa Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to La Colaborativa Inc tax-deductible?
La Colaborativa Inc is registered as a tax-exempt nonprofit (EIN: 222906521). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of La Colaborativa Inc's spending goes to programs?
La Colaborativa Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does La Colaborativa Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), La Colaborativa Inc is above average for NTEE category P20B nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is La Colaborativa Inc located?
La Colaborativa Inc is headquartered in Chelsea, Massachusetts and files with the IRS under EIN 222906521. It is classified under NTEE code P20B.
How many years of IRS 990 filings does La Colaborativa Inc have?
La Colaborativa Inc has 13 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 $28.1M in total revenue.
What does La Colaborativa Inc do?
La Colaborativa Inc is a nonprofit organization in the Human Services sector, located in Chelsea, Massachusetts. It is classified under NTEE code P20B.
How much revenue does La Colaborativa Inc have?
La Colaborativa Inc reported total revenue of $28,089,973. Based on 13 IRS 990 filings on record.
What are La Colaborativa Inc's total assets?
La Colaborativa Inc holds total assets of $28,028,589 as reported in IRS 990 filings.
Where is La Colaborativa Inc located?
La Colaborativa Inc is based in Chelsea, Massachusetts.
What is La Colaborativa Inc's EIN?
La Colaborativa Inc's Employer Identification Number (EIN) is 222906521. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is La Colaborativa Inc?
La Colaborativa Inc is classified under NTEE code P20B (Human Services).
Is La Colaborativa Inc a registered 501(c)(3)?
Yes, La Colaborativa Inc is recognized as a tax-exempt organization by the IRS. EIN: 222906521.
Does La Colaborativa Inc file IRS Form 990?
Yes, La Colaborativa Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was La Colaborativa Inc's revenue in 2023?
In the 202306 filing period, La Colaborativa Inc reported total revenue of $7,400,286, total expenses of $4,994,509, and net assets of $16,810,572.
Is La Colaborativa Inc's revenue growing or declining?
La Colaborativa Inc's revenue is declining. Revenue went from $7,863,723 (202206) to $7,400,286 (202306), a -5.9% change. Based on 13 filings on record.
What is La Colaborativa Inc's most recent 990 filing?
The most recent IRS Form 990 filing for La Colaborativa Inc covers tax period 202306. It shows revenue of $7,400,286, expenses of $4,994,509, total assets of $16,810,572, and liabilities of $5,612,758.
How much does La Colaborativa Inc spend on programs vs administration?
Based on IRS 990 analysis, La Colaborativa Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is La Colaborativa Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, La Colaborativa Inc appears trustworthy. Mission Score: 88/100 (Excellent). No red flags identified. 4 strengths noted.
What are La Colaborativa Inc's strengths?
Positive indicators for La Colaborativa Inc include: Exceptional revenue growth from $1.1M in 2019 to $7.4M in 2023, demonstrating strong fundraising and community support.. Consistent allocation of a high percentage of expenses to programs, indicating effective use of funds for its mission.. Significant increase in assets from $315,105 in 2019 to $16,810,572 in 2023, reflecting robust financial health and capacity.. Low liability-to-asset ratio, suggesting sound financial management and minimal debt burden.. These findings are derived from AI analysis of the organization's financial filings.
How does La Colaborativa Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given the organization's rapid growth and significant revenue, it warrants further investigation to ensure it aligns with industry standards and organizational size. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is La Colaborativa Inc?
• 2023 Form 990 reports total revenue of $7,400,286 and expenses of $4,994,509. • Program service expenses are consistently high, indicating a strong focus on mission delivery. • The organization's financial filings are publicly accessible, demonstrating a commitment to transparency. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has La Colaborativa managed such a substantial increase in revenue and assets, particularly between 2020 and 2023, and what specific programs or initiatives drove this growth?
The data shows a dramatic increase in revenue from $4.4M in 2020 to $7.4M in 2023, and assets from $3.3M to $16.8M in the same period. This suggests successful grant acquisition, increased donor engagement, or significant new program funding, likely in response to community needs during the pandemic and subsequent recovery efforts in Chelsea, MA.
Given the rapid expansion, what strategies are in place to ensure the organization's administrative infrastructure scales effectively to support the increased program delivery and financial oversight?
While program spending is high, the rapid growth necessitates robust administrative scaling. The current spending breakdown (10% admin) is efficient, but continued growth will require careful planning to avoid overburdening existing staff and systems, potentially through strategic investments in technology or additional administrative personnel.
Filing History
IRS 990 filing history for La Colaborativa Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), La Colaborativa Inc's revenue has grown by 176.1%, moving from $2.7M to $7.4M. Total assets increased by 1071.2% over the same period, from $1.4M to $16.8M. Total functional expenses rose by 93.3%, from $2.6M to $5.0M. In its most recent filing year (2023), La Colaborativa Inc reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $5.6M in liabilities against $16.8M in assets (debt-to-asset ratio: 33.4%), resulting in net assets of $11.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.4M | $5.0M | $16.8M | $5.6M | — | View 990 |
| 2022 | $7.9M | $4.7M | $14.2M | $5.5M | — | View 990 |
| 2021 | $6.2M | $3.6M | $5.9M | $152K | — | — |
| 2020 | $4.5M | $1.7M | $3.3M | $286K | — | View 990 |
| 2019 | $1.2M | $1.3M | $315K | $62K | — | View 990 |
| 2018 | $1.3M | $1.5M | $462K | $88K | — | View 990 |
| 2017 | $1.1M | $1.2M | $581K | $41K | — | View 990 |
| 2016 | $1.2M | $1.4M | $673K | $63K | — | View 990 |
| 2015 | $1.2M | $1.3M | $913K | $113K | — | View 990 |
| 2014 | $1.3M | $1.4M | $953K | $108K | — | View 990 |
| 2013 | $1.3M | $1.3M | $1.0M | $80K | — | View 990 |
| 2012 | $1.2M | $1.5M | $1.2M | $217K | — | View 990 |
| 2011 | $2.7M | $2.6M | $1.4M | $132K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.4M, expenses of $5.0M, and assets of $16.8M (revenue -5.9% year-over-year).
- 2022: Revenue of $7.9M, expenses of $4.7M, and assets of $14.2M (revenue +26.3% year-over-year).
- 2021: Revenue of $6.2M, expenses of $3.6M, and assets of $5.9M (revenue +39.4% year-over-year).
- 2020: Revenue of $4.5M, expenses of $1.7M, and assets of $3.3M (revenue +281.9% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.3M, and assets of $315K (revenue -10.8% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.5M, and assets of $462K (revenue +17.6% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.2M, and assets of $581K (revenue -4.5% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.4M, and assets of $673K (revenue -5.0% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $913K (revenue -5.8% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.4M, and assets of $953K (revenue -1.1% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $1.0M (revenue +7.9% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.5M, and assets of $1.2M (revenue -54.4% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.6M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for La Colaborativa Inc:
Data Sources and Methodology
This transparency report for La Colaborativa Inc 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.