Courageous Faces Foundation

Analysis

Courageous Faces Foundation is a registered charity in United States, based in Centennial, 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 2022, Courageous Faces Foundation reported income of $122k and spending of $268k, spending 220% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $228k to $122k (-47%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 137%. Over the whole period it spent 216% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Courageous Faces Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 38th percentile within CO. Charities of a similar size with the same main cause include Exeter Area Charitable Foundation ($122k), Werner Cares Fund ($122k) and Family Violence Coalition of Yancey County Inc ($122k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $192k, net assets of -$178k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.