Multiple Sclerosis Society of Colorado Springs Inc

Analysis

Multiple Sclerosis Society of Colorado Springs Inc is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in October 1981, 45 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Multiple Sclerosis Society of Colorado Springs Inc reported income of $128k and spending of $192k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $128k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 119%. Over the whole period it spent 142% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Multiple Sclerosis Society of Colorado Springs Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within CO. Charities of a similar size with the same main cause include Oroc ($128k), Emilys Pink Team Inc ($128k) and Building a Safer Evansville Inc ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $42k (22% of expenses). Other salaries and wages came to $38k. At year end it held assets of $684k against liabilities of $5,055, net assets of $679k. It reported 7 employees.

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.