Colorado Elevation FC

Analysis

Colorado Elevation FC is a registered charity in United States, based in Parker, CO. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Colorado Elevation FC reported income of $1.7m and spending of $1.7m, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $562k to $1.7m (+206%), an average of +45% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Colorado Elevation FC sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Moiliili Community Center ($1.7m), Advantage Foster Family Agency ($1.7m) and Riverstone Senior Life Services Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Other salaries and wages came to $122k. At year end it held assets of $661k against liabilities of $243k, net assets of $418k. It reported 6 employees.