Colorado Library Consortium

Analysis

Colorado Library Consortium is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in July 1976, 50 years ago. 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 Library Consortium reported income of $5.8m and spending of $5.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $5.8m (+104%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 128%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colorado Library Consortium 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 Providence Building Sanitary and Educational Association ($5.8m), Association of Junior Leagues International Inc ($5.8m) and Baptist Missions to Forgotten Peoples ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 81% of the total. Other salaries and wages came to $694k. At year end it held assets of $4.8m against liabilities of $2.8m, net assets of $2.0m. It reported 18 employees.