Rocky Mountain Employee Ownership Center

Analysis

Rocky Mountain Employee Ownership Center is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 2012, 14 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 2023, Rocky Mountain Employee Ownership Center reported income of $648k and spending of $433k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $247k to $648k (+162%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rocky Mountain Employee Ownership Center 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 National Latino Education Institute ($647k), Ripple Community Inc ($649k) and Carolina Business Capital ($647k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $104k (24% of expenses). Other salaries and wages came to $141k. At year end it held assets of $549k against liabilities of $8,100, net assets of $541k. It reported 5 employees.