Colorado Business Committee for the Arts

Analysis

Colorado Business Committee for the Arts is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 1985, 41 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colorado Business Committee for the Arts reported income of $663k and spending of $679k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $502k to $663k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colorado Business Committee for the Arts sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include Northern Forest Canoe Trail Inc ($663k), Isthmus Community Media Inc ($663k) and Behringer-Crawford Museum Board of Trustees ($662k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $117k (17% of expenses). Other salaries and wages came to $221k. At year end it held assets of $585k against liabilities of $312k, net assets of $272k. It reported 7 employees.