Colorado Futuretek Inc

Analysis

Colorado Futuretek Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Futuretek Inc reported income of $92k and spending of $104k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $92k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Colorado Futuretek Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within CO. Charities of a similar size with the same main cause include Association for Science in Autism Treatment Inc ($92k), Childrens Advocacy Center of Monroe County ($92k) and Luke S Kids Inc ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.0% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.