Colorado Fine Arts Association

Analysis

Colorado Fine Arts Association is a registered charity in United States, based in Broomfield, CO. It received its IRS tax-exemption ruling in February 2011, 15 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 Fine Arts Association reported income of $111k and spending of $108k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $149k to $111k (-26%), an average of -9.5% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 100% 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 Fine Arts Association 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 40th percentile, and in the 36th percentile within CO. Charities of a similar size with the same main cause include Society for the Improvement of Psychological Science ($111k), Carroll Baldwin Memorial Institute Inc ($111k) and American Society of Comparative Law ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. At year end it held assets of $373k against liabilities of $1,063, net assets of $371k.