Colorado Mountain College Foundation Inc

Analysis

Colorado Mountain College Foundation Inc is a registered charity in United States, based in Glenwood SPGS, CO. It received its IRS tax-exemption ruling in February 1986, 40 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Colorado Mountain College Foundation Inc reported income of $6.9m and spending of $8.2m, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.9m to $6.9m (+40%), an average of +8.7% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colorado Mountain College Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Foothill Unity Center ($6.9m), Natl Conference on Public Employee Retirement Systems Irrv TR ($6.9m) and Larry and Jeanette Epping Family Foundation ($6.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $267k (3.2% of expenses). Other salaries and wages came to $721k. At year end it held assets of $30.0m against liabilities of $1.9m, net assets of $28.1m. It reported 14 employees.