Colorado Aerolab Inc

Analysis

Colorado Aerolab Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Colorado Aerolab Inc reported income of $634k and spending of $638k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $433k to $634k (+46%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 177%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colorado Aerolab Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include Dansville Public Library ($634k), Kim Com Promotion Ltd ($634k) and Hudson Valley Sudbury School ($634k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $149k (23% of expenses). Other salaries and wages came to $352k. At year end it held assets of $47k against liabilities of $11k, net assets of $36k. It reported 43 employees.