Jewishcolorado

Analysis

Jewishcolorado is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Jewishcolorado reported income of $11.8m and spending of $18.9m, spending 160% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $18.8m to $11.8m (-37%), an average of -11% a year. The sharpest change came in the year to June 2020, when income dropped by 27%. Over the whole period it spent 131% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewishcolorado sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Finance Fund Capital Corporation ($11.8m), Foundation for Appalachian Kentucky Inc ($11.8m) and Waco Foundation ($11.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 113% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $850k (4.5% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $79.2m against liabilities of $26.1m, net assets of $53.2m. It reported 43 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.