Colorado Junior Rodeo Association Inc

Analysis

Colorado Junior Rodeo Association Inc is a registered charity in United States, based in Brush, CO. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Junior Rodeo Association Inc reported income of $408k and spending of $410k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $425k to $408k (-4.1%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 1517%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Colorado Junior Rodeo Association Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CO. Charities of a similar size with the same main cause include Evergreen Curling Club ($408k), Mayport Multipurpose Community Event Center ($408k) and Michigan Competing Band Association Incorporated ($408k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $8,000 (1.9% of expenses). At year end it held assets of $51k against liabilities of $39k, net assets of $12k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.