Foundation for Colorado Springs Future Inc

Analysis

Foundation for Colorado Springs Future Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Foundation for Colorado Springs Future Inc reported income of $1.7m and spending of $858k, leaving 51% of income unspent that year. The sharpest change came in the year to December 2023, when income rose by 671%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foundation for Colorado Springs Future Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Mary Harvin Transformation Centercommunity Development Corporation ($1.7m), Cooperative Development Foundation ($1.7m) and Oregon Rehabilitation Association ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 14% of the total. At year end it held assets of $4.4m against liabilities of $3.0m, net assets of $1.3m.