Colorado Springs Utilities Foundation

Analysis

Colorado Springs Utilities Foundation is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colorado Springs Utilities Foundation reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $965k to $1.1m (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Colorado Springs Utilities Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Labri Fellowship Foundation ($1.1m), O a K R I D G E Ministries Inc ($1.1m) and Christian Family Life Incorporated ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $3.4m against liabilities of $20k, net assets of $3.4m.