Colorado Springs School

Analysis

Colorado Springs School is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in April 1981, 45 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Colorado Springs School reported income of $7.3m and spending of $8.3m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $7.3m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colorado Springs School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Tylers Place Az Inc ($7.3m), Rockley Family Foundation Inc ($7.3m) and Lamar School Foundation ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $376k (4.5% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $6.9m against liabilities of $2.8m, net assets of $4.0m. It reported 121 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.