Community Economic Development Company of Colorado

Analysis

Community Economic Development Company of Colorado is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 1983, 43 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Community Economic Development Company of Colorado reported income of $282k and spending of $270k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $432k to $282k (-35%), an average of -10% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Economic Development Company of Colorado 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 61st percentile, and in the 57th percentile within CO. Charities of a similar size with the same main cause include Tennessee Economic Partnership Inc ($282k), Trees Columbus Inc ($282k) and Assistance League of Victor Valley ($281k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $71k (26% of expenses). Other salaries and wages came to $40k. At year end it held assets of $39k against liabilities of $22k, net assets of $17k. It reported 2 employees.