Compass for Lifelong Discovery

Analysis

Compass for Lifelong Discovery is a registered charity in United States, based in Woody Creek, CO. It received its IRS tax-exemption ruling in September 1971, 55 years ago. 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, Compass for Lifelong Discovery reported income of $6.4m and spending of $6.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $6.4m (+38%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Compass for Lifelong Discovery 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 94th percentile within CO. Charities of a similar size with the same main cause include Northeast Missouri Community Action Agency ($6.4m), Outpatient Medical Center Inc ($6.4m) and PHS Highland Park Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 12% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $16.4m against liabilities of $8.1m, net assets of $8.3m. It reported 77 employees.