Nonprofit screen
Screen a listThe Coleridge Initiative Inc
Can you give?
Listed with the IRS, but California flags it.
Check its California registration before you grant.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- Not current
- Charity type
- 509(a)(2)
$8.4Mrevenue
FY2024 · −17% in 3 yrs42staff
5 of 5years filed
’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−20.5%
Months of reserve5.1mo
Revenue growth (annualized)+8.5%
Middle half of peersMedianColeridge Initiative
Where the money goes FY2024 · $10M spent
Programs$7.2M71%Management and general$2.9M29%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$3.0M in FY2022 and −$1.7M in FY2024. Cash covers 5.1 months, above the peer median of 4.1.
990 Part I and balance sheetIn its favor2
Strong governance
8 of 8 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIGrowing faster than peers
Revenue up 9% a year since FY2020, faster than half of similar nonprofits.
990 Part I · peer cohort11funders
$5.7Ma year, last 3 years
64%from its largest funder
Funder’20’21’22’23Gates FoundationEvery year since FY2020$900k$4.8M$2.1M$4.1MAscendium Education Solutions IncEvery year since FY2020$375k$175k$750k$827kWalton Family Foundation IncSince FY2021$750k$250k$1.0MOverdeck Family Foundation IncOn and off$500k$400k$200kThe Patrick J McGovern Foundation IncOn and off$1.0MGates Philanthropy PartnersNew in FY2023$500kDonor-advised giftsDonors not disclosed$150k2 other fundersUp to $166k a year each$55k$166k$10k
FundedThrough a donor-advised fund