Pikes Peak Real Estate Foundation Inc

Analysis

Pikes Peak Real Estate Foundation Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Pikes Peak Real Estate Foundation Inc reported income of $10.2m and spending of $611k, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $10.2m (+12004%), an average of +232% a year. The sharpest change came in the year to December 2020, when income rose by 2554%. Over the whole period it spent 27% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pikes Peak Real Estate Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Bethany House Services Inc ($10.1m), Vsu Auxiliary Services Real Estatefoundation Inc ($10.2m) and Sequoia Mental Health Services Inc ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $173k (28% of expenses). Other salaries and wages came to $72k. At year end it held assets of $20.8m against liabilities of $508k, net assets of $20.3m. It reported 2 employees.