Colorado Education Initiative

Analysis

Colorado Education Initiative is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Colorado Education Initiative reported income of $7.7m and spending of $6.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.6m to $7.7m (+68%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colorado Education Initiative sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Sarasota Opera Association Inc ($7.6m), The Arkansas Symphony Orchestra Society Inc ($7.7m) and Shakertown at Pleasant Hill Kentucky Inc ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $411k (6.7% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $8.0m against liabilities of $601k, net assets of $7.3m. It reported 42 employees.