Aspen Community Foundation

Analysis

Aspen Community Foundation is a registered charity in United States, based in Basalt, CO. It received its IRS tax-exemption ruling in September 1982, 44 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Aspen Community Foundation reported income of $17.5m and spending of $18.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.1m to $17.5m (+58%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 85%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Aspen Community Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Community Foundation of the Fox River Valley ($17.5m), Topeka Community Foundation ($17.6m) and Fore Kids Foundation Inc ($17.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $57.1m against liabilities of $4.1m, net assets of $53.0m. It reported 9 employees.