Colorado Association for Recovery Residences Inc

Analysis

Colorado Association for Recovery Residences Inc is a registered charity in United States, based in Littleton, CO. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Colorado Association for Recovery Residences Inc reported income of $503k and spending of $452k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $316k to $503k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 85% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Colorado Association for Recovery Residences Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within CO. Charities of a similar size with the same main cause include Oregon Soccer Association Inc ($503k), Pennacle Foundation Inc ($503k) and Caldwell Pregnancy Care Center ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $93k (21% of expenses). Other salaries and wages came to $132k. At year end it held assets of $295k against liabilities of $165k, net assets of $130k. It reported 6 employees.