Colorado Bluesky Enterprises Inc

Analysis

Colorado Bluesky Enterprises Inc is a registered charity in United States, based in Pueblo, CO. It received its IRS tax-exemption ruling in December 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Bluesky Enterprises Inc reported income of $7.7m and spending of $8.2m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.3m to $7.7m (-6.5%), an average of -1.7% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Colorado Bluesky Enterprises Inc 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 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Community Health of East Tennessee ($7.7m), Young Mens Christian Assoc of Greenwich ($7.7m) and Young Womens Freedom Center ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $181k (2.2% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $8.4m against liabilities of $581k, net assets of $7.9m. It reported 155 employees.