Colorado Association for Career and Technical Education

Analysis

Colorado Association for Career and Technical Education is a registered charity in United States, based in Lakewood, CO. It received its IRS tax-exemption ruling in December 1974, 52 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Colorado Association for Career and Technical Education reported income of $705k and spending of $643k, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $397k to $705k (+78%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 90%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Colorado Association for Career and Technical Education sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CO. Charities of a similar size with the same main cause include Houston Chapter American Concrete Institute ($705k), Seabrook Community Foundation ($706k) and Club of Hearts Inc ($705k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $33k (5.1% of expenses). At year end it held assets of $584k against liabilities of $0, net assets of $584k.