Pagosa Springs Community Development Corporation

Analysis

Pagosa Springs Community Development Corporation is a registered charity in United States, based in Pagosa SPGS, CO. It received its IRS tax-exemption ruling in August 2010, 16 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 December 2023, Pagosa Springs Community Development Corporation reported income of $1.4m and spending of $1.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $244k to $1.4m (+459%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 230%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pagosa Springs Community Development Corporation sits at the 81st percentile: it is larger than about 81% 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 Anacostia Economic Development Corporation ($1.4m), Ste Genevieve Co Shelter Workshop ($1.4m) and Ohio Operating Engineers Education & Safety Fund ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $166k. At year end it held assets of $357k against liabilities of $0, net assets of $357k. It reported 4 employees.