Colorado Springs World Arena

Analysis

Colorado Springs World Arena is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in February 1995, 31 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Colorado Springs World Arena reported income of $7.7m and spending of $7.7m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $7.7m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2021, when income rose by 414%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colorado Springs World Arena sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Arizona Family Health Partnership ($7.7m), Schmitt Woodland Hills Incorporated ($7.7m) and Good Samaritan Home Inc ($7.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $305k (3.9% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $43.3m against liabilities of $9.3m, net assets of $34.0m. It reported 251 employees.