Eritrean Community in Colorado a Nonprofit Corporation

Analysis

Eritrean Community in Colorado a Nonprofit Corporation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Eritrean Community in Colorado a Nonprofit Corporation reported income of $93k and spending of $56k, leaving 40% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $60k to $93k (+56%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eritrean Community in Colorado a Nonprofit Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within CO. Charities of a similar size with the same main cause include Houston Masterworks Chorus Inc ($93k), Eicher Arts Center Inc ($93k) and Chester County Pops Orchestra ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $353k against liabilities of $106k, net assets of $247k.