Community Foundation of the Gunnison Valley

Analysis

Community Foundation of the Gunnison Valley is a registered charity in United States, based in Gunnison, CO. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Foundation of the Gunnison Valley reported income of $1.6m and spending of $1.1m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $1.6m (-47%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 49% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation of the Gunnison Valley sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CO. Charities of a similar size with the same main cause include First Place ($1.6m), El Shaddai Family Ranch ($1.6m) and Saint Marys Home for Disabled Children Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $90k (8.0% of expenses). Other salaries and wages came to $153k. At year end it held assets of $15.0m against liabilities of $1.3m, net assets of $13.7m. It reported 4 employees.