Public Broadcasting of Colorado Inc

Analysis

Public Broadcasting of Colorado Inc is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in December 1984, 42 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Public Broadcasting of Colorado Inc reported income of $36.9m and spending of $30.8m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.6m to $36.9m (+50%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Public Broadcasting of Colorado Inc 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 98th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Ballet Theatre Foundation Inc ($35.9m), Artis-Naples Inc ($36.9m) and Advanced Robotics for Manufacturing Institute ($35.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $1.4m (4.6% of expenses). Other salaries and wages came to $15.3m. It paid $65k in professional fundraising fees. At year end it held assets of $61.9m against liabilities of $19.8m, net assets of $42.0m. It reported 217 employees.