Southwest Colorado Accelerator Program for Entrepreneurs

Analysis

Southwest Colorado Accelerator Program for Entrepreneurs is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, 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, Southwest Colorado Accelerator Program for Entrepreneurs reported income of $90k and spending of $294k, spending 325% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $273k to $90k (-67%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 396%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southwest Colorado Accelerator Program for Entrepreneurs sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within CO. Charities of a similar size with the same main cause include Esperanza HS Dance Team Boosters ($90k), Madison Food Center ($90k) and Friends of the Portage Senior Center Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 113% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $106k (36% of expenses). Other salaries and wages came to $58k. At year end it held assets of $1.3m against liabilities of $65k, net assets of $1.2m.