Cultural Office of the Pikes Peak Region

Analysis

Cultural Office of the Pikes Peak Region is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cultural Office of the Pikes Peak Region reported income of $648k and spending of $609k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $518k to $648k (+25%), an average of +5.8% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Office of the Pikes Peak Region sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include St Patricks Day Parade Inc ($648k), Chicago Film Archives NFP ($648k) and Carbondale Community Access Radio ($648k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.0% of the total. Compensation of current officers, directors and key employees was $83k (14% of expenses). Other salaries and wages came to $136k. At year end it held assets of $504k against liabilities of $812, net assets of $503k. It reported 6 employees.