Pikes Peak United Way

Analysis

Pikes Peak United Way is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in December 1961, 65 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Pikes Peak United Way reported income of $5.7m and spending of $4.9m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $5.7m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pikes Peak United Way sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Spookstock Foundation ($5.6m), McPherson County Community Foundation ($5.7m) and Excellerate Foundation Charitable Support ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $390k (7.9% of expenses). Other salaries and wages came to $1.1m. It paid $13k in professional fundraising fees. At year end it held assets of $10.9m against liabilities of $2.8m, net assets of $8.1m. It reported 41 employees.