Neighborworks Southern Colorado

Analysis

Neighborworks Southern Colorado is a registered charity in United States, based in Pueblo, CO. It received its IRS tax-exemption ruling in March 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Neighborworks Southern Colorado reported income of $2.9m and spending of $2.1m, leaving 28% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $981k to $2.9m (+199%), an average of +32% a year. The sharpest change came in the year to September 2020, when income rose by 89%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Neighborworks Southern Colorado sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CO. Charities of a similar size with the same main cause include Bridge Community Impact ($2.9m), Place ($2.9m) and Lighthouse Housing Foundation Inc ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $268k (13% of expenses). Other salaries and wages came to $683k. At year end it held assets of $14.8m against liabilities of $9.2m, net assets of $5.5m. It reported 23 employees.