Broomfield Community Foundation

Analysis

Broomfield Community Foundation is a registered charity in United States, based in Broomfield, CO. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Broomfield Community Foundation reported income of $1.2m and spending of $838k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $448k to $1.2m (+157%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 203%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Broomfield Community Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include 510 Foundation ($1.2m), Maplewood Foundation Inc ($1.2m) and Devon 50 Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. Compensation of current officers, directors and key employees was $154k (18% of expenses). Other salaries and wages came to $43k. At year end it held assets of $4.6m against liabilities of $111k, net assets of $4.5m. It reported 4 employees.