Colorado Coalition for the Homeless

Analysis

Colorado Coalition for the Homeless is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colorado Coalition for the Homeless reported income of $12.6m and spending of $11.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $12.6m (+93%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colorado Coalition for the Homeless sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Camp Allen-Camp and Conference Center ($12.6m), Kishorit ($12.6m) and Catholic Charities Diocese of Worcester Inc ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $412k (3.6% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $98.2m against liabilities of $83.3m, net assets of $14.9m.