Colorado Smart Cities Alliance

Analysis

Colorado Smart Cities Alliance is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Smart Cities Alliance reported income of $378k and spending of $408k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $842k to $378k (-55%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 61%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Colorado Smart Cities Alliance sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include The Bodgery Inc ($378k), Ascending Awareness ($378k) and Volunteers Enriching Weld Inc ($378k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $125k (31% of expenses). Other salaries and wages came to $107k. It paid $6,000 in professional fundraising fees. At year end it held assets of $127k against liabilities of $111k, net assets of $16k. It reported 3 employees.