Colorado Nonprofit Association

Analysis

Colorado Nonprofit Association is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 1986, 40 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 (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, Colorado Nonprofit Association reported income of $1.6m and spending of $1.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.6m (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 47%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Colorado Nonprofit Association sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CO. Charities of a similar size with the same main cause include Midtown Cleveland ($1.6m), South Dakota State Fair Foundation ($1.6m) and So NV Operating & Maintenance Engineers Apprenticeship & Train T ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $309k (20% of expenses). Other salaries and wages came to $336k. At year end it held assets of $1.5m against liabilities of $494k, net assets of $994k. It reported 9 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.