Colorado Art Education Association

Analysis

Colorado Art Education Association is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Colorado Art Education Association reported income of $179k and spending of $188k, spending 105% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $166k to $179k (+7.7%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 671%. Over the whole period it spent 122% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colorado Art Education Association sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within CO. Charities of a similar size with the same main cause include Durham Symphony Incorporated ($179k), National Society of the Colonial Dames of Amer in the State of N J ($179k) and Association for Development of Dramatic Arts Inc ($179k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $277k against liabilities of $2,667, net assets of $274k.

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.