Friends of the Colorado Talking Book Library

Analysis

Friends of the Colorado Talking Book Library is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in April 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of the Colorado Talking Book Library reported income of $123k and spending of $103k, spending 84% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $149k to $123k (-17%), an average of -6.0% a year. The sharpest change came in the year to December 2021, when income dropped by 37%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of the Colorado Talking Book Library sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within CO. Charities of a similar size with the same main cause include CHD Academy ($123k), Spanish Ladder ($123k) and Warrior Dance Team ($123k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.2m against liabilities of $4,884, net assets of $1.2m.