Careerwise Colorado

Analysis

Careerwise Colorado is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Careerwise Colorado reported income of $16.4m and spending of $8.5m, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $16.4m (+265%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Careerwise Colorado sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Child Inc ($16.4m), Mastery Charter School - Smedley Elementary ($16.4m) and Cristo Rey San Jose High School ($16.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10.0% of the total. Compensation of current officers, directors and key employees was $756k (8.9% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $15.4m against liabilities of $1.3m, net assets of $14.1m. It reported 61 employees.