Southern Colorado Impact Group Inc

Analysis

Southern Colorado Impact Group Inc is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in December 1990, 36 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, Southern Colorado Impact Group Inc reported income of $99k and spending of $131k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $177k to $99k (-44%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern Colorado Impact Group Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within CO. Charities of a similar size with the same main cause include Mt Vernon Veterans Home Assistance League ($99k), Wyrs Broadcasting a NJ Nonprofit Corporation ($99k) and Timberwolf Support Organization ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 5.0% of the total. At year end it held assets of $393k against liabilities of $53k, net assets of $340k.