The Cortez Center Inc

Analysis

The Cortez Center Inc is a registered charity in United States, based in Cortez, CO. It received its IRS tax-exemption ruling in September 1988, 38 years ago. 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 December 2023, The Cortez Center Inc reported income of $225k and spending of $111k, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $146k to $225k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Cortez Center Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CO. Charities of a similar size with the same main cause include Society of St Vincent de Paul ($225k), Open Your Heart Inc ($225k) and Society of Saint Vincent de Paul in the Archdiocese of Boston ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $22k (20% of expenses). Other salaries and wages came to $2,438. At year end it held assets of $331k against liabilities of $9,211, net assets of $321k. It reported 4 employees.