Rico Center

Analysis

Rico Center is a registered charity in United States, based in Rico, CO. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Rico Center reported income of $120k and spending of $108k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $155k to $120k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rico Center sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within CO. Charities of a similar size with the same main cause include Hustle Winston Salem ($120k), Northwest Neighborhood Enviromental Organization Incorporated ($121k) and Sedgwick County Economic Development Corporation ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.7% of the total. At year end it held assets of $484k against liabilities of $5,000, net assets of $479k.