Colorado Restaurant Association Education Fund

Analysis

Colorado Restaurant Association Education Fund is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Restaurant Association Education Fund reported income of $873k and spending of $1.6m, spending 182% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $914k to $873k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to December 2020, when income rose by 527%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colorado Restaurant Association Education Fund sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CO. Charities of a similar size with the same main cause include We Care Support Services ($873k), Leadership Brainery ($873k) and Friends of Teaneck Community Charter School Inc ($873k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $202k (13% of expenses). Other salaries and wages came to $396k. It paid $18k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $452k, net assets of $859k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.