Colorado Springs Philharmonic Foundation

Analysis

Colorado Springs Philharmonic Foundation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in December 2019, 7 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2022, Colorado Springs Philharmonic Foundation reported income of $164k and spending of $69k, leaving 58% of income unspent that year. Across the 2 years on record, from July 2019 to July 2022, income fell from $191k to $164k (-14%), an average of -14% a year. Over the whole period it spent 28% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colorado Springs Philharmonic Foundation 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 49th percentile, and in the 46th percentile within CO. Charities of a similar size with the same main cause include Downtown Belmont Development Association ($164k), Center for Applied Theater and Active Culture ($164k) and Geneva Concerts Inc ($164k).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 54% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.