East Denver Colfax Partnership Inc

Analysis

East Denver Colfax Partnership Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, East Denver Colfax Partnership Inc reported income of $2.7m and spending of $1.3m, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $209k to $2.7m (+1217%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 129%. Over the whole period it spent 64% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, East Denver Colfax Partnership 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 88th percentile, and in the 89th percentile within CO. Charities of a similar size with the same main cause include Resident Resources Network Inc ($2.7m), New Community Employment Services Corporation ($2.8m) and University of Maine Pulp and Paper Foundation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $118k (9.1% of expenses). Other salaries and wages came to $445k. At year end it held assets of $5.5m against liabilities of $3.6m, net assets of $1.9m. It reported 10 employees.