Colton Underwood Legacy Foundation Inc

Analysis

Colton Underwood Legacy Foundation Inc is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in August 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colton Underwood Legacy Foundation Inc reported income of $138k and spending of $97k, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $255k to $138k (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Colton Underwood Legacy Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within CO. Charities of a similar size with the same main cause include You Might Be for Auburn Foundation ($138k), Kevin Cain Memorial Foundation ($138k) and Rotary Club of Lakeville Foundation ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $105k against liabilities of $25k, net assets of $79k.