Southern Colorado Economic Development District Inc

Analysis

Southern Colorado Economic Development District Inc is a registered charity in United States, based in Pueblo, CO. It received its IRS tax-exemption ruling in April 1971, 55 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 2022, Southern Colorado Economic Development District Inc reported income of $1.2m and spending of $1.0m, spending 86% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $207k to $1.2m (+464%), an average of +78% a year. The sharpest change came in the year to December 2021, when income rose by 152%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southern Colorado Economic Development District Inc 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 In Her Presence ($1.2m), The Carolina Civic Center Foundation Inc ($1.2m) and Clearwater Economic Development Association Inc ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $104k (10% of expenses). Other salaries and wages came to $418k. At year end it held assets of $928k against liabilities of $545k, net assets of $383k. It reported 15 employees.