Southeast Colorado Enterprise Development Inc

Analysis

Southeast Colorado Enterprise Development Inc is a registered charity in United States, based in Lamar, CO. It received its IRS tax-exemption ruling in July 1990, 36 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, Southeast Colorado Enterprise Development Inc reported income of $3.0m and spending of $1.2m, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $673k to $3.0m (+342%), an average of +45% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southeast Colorado Enterprise Development Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CO. Charities of a similar size with the same main cause include Ouachita Children Youth and Family Services Inc ($3.0m), San Francisco Community Investment Fund ($3.0m) and Office of Rural and Farmworker Housing ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 7.8% of the total. Other salaries and wages came to $523k. At year end it held assets of $10.3m against liabilities of $1.0m, net assets of $9.3m. It reported 5 employees.