Higher Orbits Foundation

Analysis

Higher Orbits Foundation is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Higher Orbits Foundation reported income of $999k and spending of $1.2m, spending 120% of what it took in. Across the 2 years on record, from December 2021 to December 2023, income fell from $1.7m to $999k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Higher Orbits Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Miami Dance Project Inc ($999k), Western Inspirational Broadcasters Inc ($999k) and Friends Of@levitt Pavilion Dayton ($998k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. At year end it held assets of $724k against liabilities of $33k, net assets of $691k.