Colorado Association of Black Prof Engineers and Scientists

Analysis

Colorado Association of Black Prof Engineers and Scientists is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1982, 44 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 June 2023, Colorado Association of Black Prof Engineers and Scientists reported income of $1.0m and spending of $1.0m, spending 97% of its income. Across the 3 years on record, from June 2019 to June 2023, income grew from $276k to $1.0m (+274%), an average of +93% a year. The sharpest change came in the year to June 2023, when income rose by 403%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colorado Association of Black Prof Engineers and Scientists sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Trinity Play Group Inc ($1.0m), Cobb Emc Community Foundation Inc ($1.0m) and Axeals Foundation ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $240k. At year end it held assets of $387k against liabilities of $3,747, net assets of $383k. It reported 9 employees.