Colorado Alliance of Research Libraries

Analysis

Colorado Alliance of Research Libraries is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Colorado Alliance of Research Libraries reported income of $1.2m and spending of $1.0m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.2m (+14%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Colorado Alliance of Research Libraries sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include Chelco Foundation a Florida Corporation Not-For-Profit ($1.2m), Universal Education Foundation Offort Wayne Inc ($1.2m) and Eastern Wyoming College Foundation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $172k (17% of expenses). Other salaries and wages came to $361k. At year end it held assets of $6.7m against liabilities of $2.9m, net assets of $3.8m. It reported 5 employees.