Colorado Enterprise Fund Inc

Analysis

Colorado Enterprise Fund Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 1982, 44 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Colorado Enterprise Fund Inc reported income of $18.3m and spending of $10.8m, leaving 41% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.5m to $18.3m (+304%), an average of +42% a year. The sharpest change came in the year to September 2021, when income rose by 128%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Colorado Enterprise Fund Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Employ Prince Georges ($18.2m), Alternative Services Inc ($18.3m) and Community Housing Network Inc ($18.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $757k (7.0% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $70.1m against liabilities of $35.7m, net assets of $34.4m. It reported 39 employees.