Colorado Gives Foundation

Analysis

Colorado Gives Foundation is a registered charity in United States, based in Arvada, CO. It received its IRS tax-exemption ruling in June 1975, 51 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 2023, Colorado Gives Foundation reported income of $92.6m and spending of $101.7m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $83.1m to $92.6m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 88% 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 Gives Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CO. Charities of a similar size with the same main cause include Jewish Federation of Metropolitan Detroit ($91.7m), Greater Washington Community Foundation ($93.5m) and Indiana Association of United Ways Incorporated ($91.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $756k (0.7% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $500.5m against liabilities of $62.6m, net assets of $437.9m. It reported 33 employees.