Colorado Homeless Families Inc

Analysis

Colorado Homeless Families Inc is a registered charity in United States, based in Arvada, CO. It received its IRS tax-exemption ruling in September 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Homeless Families Inc reported income of $1.9m and spending of $1.7m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $875k to $1.9m (+115%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Colorado Homeless Families Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Episcopal Housing Corporation ($1.9m), Housing Opportunities Milton Elderly Inc ($1.9m) and Harvard Plaza Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $86k (5.1% of expenses). Other salaries and wages came to $555k. At year end it held assets of $4.2m against liabilities of $43k, net assets of $4.2m. It reported 13 employees.