Iliff Community Center Inc

Analysis

Iliff Community Center Inc is a registered charity in United States, based in Iliff, CO. It received its IRS tax-exemption ruling in December 1983, 43 years ago. 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 January 2024, Iliff Community Center Inc reported income of $1.0m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $794k to $1.0m (+29%), an average of +6.7% a year. The sharpest change came in the year to January 2021, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Iliff Community Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Afp Foundation for Philanthropy ($1.0m), Our Lady of the Holy Spirit Center ($1.0m) and American Institute of Musical Studies ($1.0m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. Other salaries and wages came to $514k. At year end it held assets of $363k against liabilities of $48k, net assets of $314k. It reported 27 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.