Colorado Springs Health Foundation

Analysis

Colorado Springs Health Foundation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in September 2014, 12 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colorado Springs Health Foundation reported income of $4.5m and spending of $6.3m, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.9m to $4.5m (-59%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Colorado Springs Health Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include Padres Foundation ($4.5m), Georgia Community Foundation Inc ($4.5m) and Simply Distribute Charitable Foundation ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $190k (3.0% of expenses). Other salaries and wages came to $151k. At year end it held assets of $178.6m against liabilities of $344k, net assets of $178.3m. It reported 2 employees.