Colorful Creatives

Analysis

Colorful Creatives is a registered charity in United States, based in Grand Lake, CO. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Colorful Creatives reported income of $102k and spending of $91k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $153k to $102k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colorful Creatives sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within CO. Charities of a similar size with the same main cause include Duluth Makerspace ($102k), Denver Chinese School ($102k) and Northwest Kenyan Community Association ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 101% of the total. At year end it held assets of $66k against liabilities of $0, net assets of $66k.