Downtown Boulder Community Initiatives

Analysis

Downtown Boulder Community Initiatives is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in May 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Downtown Boulder Community Initiatives reported income of $729k and spending of $691k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $480k to $729k (+52%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Downtown Boulder Community Initiatives sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within CO. Charities of a similar size with the same main cause include Epic Foundation Inc ($729k), Pioneer Valley Chinese Immersion Charter School Educational Foundat ($729k) and Parks Foundation of Highland Park ($729k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 92% of the total. At year end it held assets of $254k against liabilities of $38k, net assets of $215k.