Colorado Celebration of African-American Arts and Culture

Analysis

Colorado Celebration of African-American Arts and Culture is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2010, 16 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 September 2023, Colorado Celebration of African-American Arts and Culture reported income of $264k and spending of $281k, spending 106% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $266k to $264k (-1.0%), an average of -0.5% a year. The sharpest change came in the year to September 2023, when income rose by 33%. Over the whole period it spent 105% 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 Celebration of African-American Arts and Culture sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CO. Charities of a similar size with the same main cause include Clifton Community Players Inc ($264k), Buena Vista Museum of Natural History Inc ($264k) and Bergen County Historical Society ($264k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. At year end it held assets of $71k against liabilities of $1,390, net assets of $69k.