Compass Resonance

Analysis

Compass Resonance is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Compass Resonance reported income of $482k and spending of $457k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $365k to $482k (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Compass Resonance sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within CO. Charities of a similar size with the same main cause include Rome Little Theatre Inc ($482k), Native Peoples Action Community Fund ($482k) and Vista Ridge Band Boosters ($482k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $194k (42% of expenses). Other salaries and wages came to $10k. At year end it held assets of $655k against liabilities of $161k, net assets of $495k. It reported 3 employees.