Colorado School of Mines Foundation

Analysis

Colorado School of Mines Foundation is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in March 1960, 66 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Colorado School of Mines Foundation reported income of $34.2m and spending of $35.7m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $29.0m to $34.2m (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2020, when income rose by 142%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colorado School of Mines Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Csula Auxiliary Services Inc ($34.1m), Allen-Chase Foundation ($34.2m) and Bethany College ($34.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $1.0m (2.8% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $446.7m against liabilities of $43.9m, net assets of $402.7m. It reported 79 employees.