Colorado Healing Fund

Analysis

Colorado Healing Fund is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Colorado Healing Fund reported income of $842k and spending of $3.4m, spending 409% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $20k to $842k (+4053%), an average of +154% a year. The sharpest change came in the year to December 2021, when income rose by 3527%. Over the whole period it spent 92% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Colorado Healing Fund sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within CO. Charities of a similar size with the same main cause include Central Oregon Forest Stewardship Foundation ($840k), Grasonville Volunteer Fire Dept ($843k) and Hundred Club of Connecticut Inc ($840k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $142k (4.1% of expenses). At year end it held assets of $2.0m against liabilities of $61k, net assets of $1.9m. It reported 2 employees.