Colorado Procurement Technical Assistance Center

Analysis

Colorado Procurement Technical Assistance Center is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2022, Colorado Procurement Technical Assistance Center reported income of $1.0m and spending of $946k, spending 91% of its income. Across the 4 years on record, from September 2019 to September 2022, income grew from $830k to $1.0m (+25%), an average of +7.8% a year. The sharpest change came in the year to September 2022, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Colorado Procurement Technical Assistance Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Rockwood Market Hall ($1.0m), Steadfast Foundation ($1.0m) and Alliance 2005 ($1.0m).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $128k (14% of expenses). Other salaries and wages came to $602k. At year end it held assets of $235k against liabilities of $55k, net assets of $181k. It reported 11 employees.