Credit Union of Colorado Foundation

Analysis

Credit Union of Colorado Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Credit Union of Colorado Foundation reported income of $346k and spending of $209k, leaving 39% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $209k to $346k (+66%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Credit Union of Colorado Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CO. Charities of a similar size with the same main cause include Honor Flight of West Central Florida ($345k), School of Choice Education Organization ($346k) and Bonfare Markets Charitable Foundation ($345k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $239k against liabilities of $0, net assets of $239k.