Colorado Laborers & Contractors Education & Training Fund

Analysis

Colorado Laborers & Contractors Education & Training Fund is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in June 1970, 56 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Colorado Laborers & Contractors Education & Training Fund reported income of $1.2m and spending of $987k, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.2m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Colorado Laborers & Contractors Education & Training Fund sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include Priorities Inc ($1.2m), Northern Cambria Community Development Corporation ($1.2m) and Indiana Valley Public Improvement Corporation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 91% of the total. Other salaries and wages came to $310k. At year end it held assets of $4.3m against liabilities of $22k, net assets of $4.3m.