El Comite de Longmont Inc

Analysis

El Comite de Longmont Inc is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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, El Comite de Longmont Inc reported income of $269k and spending of $440k, spending 163% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $371k to $269k (-28%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, El Comite de Longmont Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CO. Charities of a similar size with the same main cause include United Way of Clarion County ($269k), Hoosick Housing Development Fund Company Inc ($269k) and California Colorectal Cancer Coalition ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $51k (12% of expenses). Other salaries and wages came to $287k. At year end it held assets of $232k against liabilities of $101k, net assets of $131k. It reported 10 employees.