Colorado Lawyer Trust Account Foundation

Analysis

Colorado Lawyer Trust Account Foundation is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in January 1991, 35 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 2024, Colorado Lawyer Trust Account Foundation reported income of $20.2m and spending of $9.9m, leaving 51% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.5m to $20.2m (+348%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 513%. Over the whole period it spent 65% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Colorado Lawyer Trust Account Foundation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Alliance for Youth Organizing ($20.2m), BVM Capacity Building Institute Inc ($20.5m) and Legal Assistance of Western New York Inc ($19.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $70k (0.7% of expenses). Other salaries and wages came to $79k. At year end it held assets of $27.5m against liabilities of $7.3m, net assets of $20.2m.