Good Business Colorado

Analysis

Good Business Colorado is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 2019, 7 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 2022, Good Business Colorado reported income of $649k and spending of $457k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $523k to $649k (+24%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Good Business Colorado sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include Ripple Community Inc ($649k), Southern Anoka Community Assistance Inc ($649k) and Rocky Mountain Employee Ownership Center ($648k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $49k (11% of expenses). Other salaries and wages came to $127k. At year end it held assets of $269k against liabilities of $0, net assets of $269k. It reported 6 employees.