Colorado Center for Nursing Excellence

Analysis

Colorado Center for Nursing Excellence is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover employment, 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, Colorado Center for Nursing Excellence reported income of $3.7m and spending of $3.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.6m to $3.7m (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Colorado Center for Nursing Excellence sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Business and Community Lenders of Texas ($3.7m), Centro Para LA Reconstruccion Del Habitat ($3.7m) and HHT Foundation International Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $661k (17% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.0m against liabilities of $2.8m, net assets of $2.2m. It reported 26 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.