Adeo Colorado

Analysis

Adeo Colorado is a registered charity in United States, based in Greeley, CO. It received its IRS tax-exemption ruling in June 1979, 47 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 September 2023, Adeo Colorado reported income of $4.1m and spending of $3.6m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.8m to $4.1m (+7.8%), an average of +1.9% a year. The sharpest change came in the year to September 2023, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Adeo Colorado sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Ellen Battell Stoeckel Residue TR Uw ($4.1m), Great Lakes Womens Business Council ($4.1m) and STS Joachim and Ann Care Service ($4.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.1% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $137k (3.8% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $7.1m against liabilities of $164k, net assets of $6.9m. It reported 81 employees.