E Town

Analysis

E Town is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in March 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, E Town reported income of $2.1m and spending of $2.5m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.1m (+3.6%), an average of +0.9% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, E Town sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Mypath ($2.1m), Schnurmann House ($2.1m) and Kappa Alpha Psi Foundation Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $200k (8.0% of expenses). Other salaries and wages came to $546k. At year end it held assets of $6.5m against liabilities of $1.6m, net assets of $4.9m. It reported 14 employees.