Community Shares of Colorado Inc

Analysis

Community Shares of Colorado Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Community Shares of Colorado Inc reported income of $2.2m and spending of $2.3m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.0m to $2.2m (-27%), an average of -7.5% a year. The sharpest change came in the year to June 2020, when income dropped by 22%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Shares of Colorado Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Sweet Dream Makers Inc ($2.2m), Asian American-Pacific Islanders in Philanthropy ($2.2m) and Reach for Uganda Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $67k (3.0% of expenses). Other salaries and wages came to $358k. At year end it held assets of $2.1m against liabilities of $1.7m, net assets of $396k. It reported 10 employees.