Colorado Open Golf Foundation

Analysis

Colorado Open Golf Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 2004, 22 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 December 2023, Colorado Open Golf Foundation reported income of $1.9m and spending of $1.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $1.9m (+1.0%), an average of +0.2% a year. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Colorado Open Golf Foundation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Fleming Church Loan Trust ($1.9m), Native American Community Academy Foundation ($1.9m) and Community Foundation of the Brazos Valley ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $174k (9.9% of expenses). Other salaries and wages came to $188k. At year end it held assets of $2.7m against liabilities of $673k, net assets of $2.0m.