Philanthropy Colorado

Analysis

Philanthropy Colorado is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 2003, 23 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, Philanthropy Colorado reported income of $921k and spending of $806k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $422k to $921k (+118%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philanthropy Colorado sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include Denise Amber Lee Foundation Inc ($920k), Stuf United Fund Inc ($922k) and Flickr Charitable Foundation ($919k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $158k (20% of expenses). Other salaries and wages came to $287k. At year end it held assets of $1.3m against liabilities of $215k, net assets of $1.0m. It reported 5 employees.