Life Skills Fore the Youth of Colorado Springs

Analysis

Life Skills Fore the Youth of Colorado Springs is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Life Skills Fore the Youth of Colorado Springs reported income of $583k and spending of $569k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $330k to $583k (+77%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 100% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Life Skills Fore the Youth of Colorado Springs sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Lake Zurich Baseball & Softball Assoc Inc ($583k), Georgia Futbol Club Inc ($583k) and Colorado Dragon Boat Festival ($582k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $121k (21% of expenses). Other salaries and wages came to $162k. At year end it held assets of $748k against liabilities of $69k, net assets of $679k. It reported 10 employees.