Colorado Asian Culture and Education Network

Analysis

Colorado Asian Culture and Education Network is a registered charity in United States, based in Englewood, CO. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colorado Asian Culture and Education Network reported income of $60k and spending of $167k, spending 277% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.4m to $60k (-96%), an average of -79% a year. The sharpest change came in the year to December 2022, when income dropped by 85%. Over the whole period it spent 22% 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 Asian Culture and Education Network sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within CO. Charities of a similar size with the same main cause include Eternal Flame of Hope Ministries Inc ($60k), Leah Stein Dance Company ($60k) and Heterodyne Broadcasting Company ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $82k (49% of expenses). At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.