Colorado Fiscal Institute

Analysis

Colorado Fiscal Institute is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 2013, 13 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, Colorado Fiscal Institute reported income of $1.4m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Colorado Fiscal Institute sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CO. Charities of a similar size with the same main cause include Open Path Center Inc ($1.4m), Executive Service Corps of Southern California ($1.4m) and Catholic Charities Community Development Corporation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $137k (10% of expenses). Other salaries and wages came to $679k. At year end it held assets of $1.8m against liabilities of $137k, net assets of $1.7m. It reported 13 employees.