Colorado Friendship

Analysis

Colorado Friendship is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Colorado Friendship reported income of $327k and spending of $341k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $327k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Colorado Friendship sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within CO. Charities of a similar size with the same main cause include Love Takes Root ($327k), Shelter Care Resources ($327k) and Friendship Family Homes ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $169k against liabilities of $1,401, net assets of $167k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.