Colorado Film Institute

Analysis

Colorado Film Institute is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Colorado Film Institute reported income of $111k and spending of $113k, spending 101% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $236k to $111k (-53%), an average of -31% a year. The sharpest change came in the year to December 2021, when income dropped by 59%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colorado Film Institute sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Gujarati Cultural Association of the Piedmont ($111k), DMV Music Academy ($111k) and Kregel Windmill Factory Museum ($111k).

On its Form 990-EZ for the period ending December 2022, revenue came from program service revenue 41% of the total. At year end it held assets of $64k against liabilities of $128k, net assets of -$64k.