Colorado Springs Independence Center

Analysis

Colorado Springs Independence Center is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Springs Independence Center reported income of $18.1m and spending of $12.5m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.5m to $18.1m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Colorado Springs Independence Center sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Wingspan Life Resources ($18.1m), Arvac Inc ($18.1m) and Jones-Harrison Residence Corporation ($18.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $272k (2.2% of expenses). Other salaries and wages came to $8.9m. At year end it held assets of $20.6m against liabilities of $1.7m, net assets of $18.9m. It reported 347 employees.