Colorado Business Development Foundation

Analysis

Colorado Business Development Foundation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in February 2015, 11 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 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, Colorado Business Development Foundation reported income of $53k and spending of $147k, spending 279% of what it took in. Across the 2 years on record, from December 2019 to December 2022, income fell from $309k to $53k (-83%), an average of -83% a year. The sharpest change came in the year to December 2022, when income dropped by 83%. Over the whole period it spent 146% 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 Business Development Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 17th percentile within CO. Charities of a similar size with the same main cause include Granby Community Fund Inc ($53k), Win Together TR ($53k) and Driving Out Cancer Inc ($53k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 57% and program service revenue 43% of the total. At year end it held assets of $172k against liabilities of $10k, net assets of $162k.