Chaffee County Community Foundation

Analysis

Chaffee County Community Foundation is a registered charity in United States, based in Buena Vista, CO. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Chaffee County Community Foundation reported income of $1.4m and spending of $937k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $329k to $1.4m (+314%), an average of +43% a year. The sharpest change came in the year to December 2020, when income rose by 426%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chaffee County Community Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within CO. Charities of a similar size with the same main cause include Franklin County Area United Way Inc ($1.4m), Hope to Opportunities Foundation ($1.4m) and Access Philanthropy Charities ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 5.2% of the total. Other salaries and wages came to $148k. At year end it held assets of $1.4m against liabilities of $34k, net assets of $1.4m. It reported 4 employees.