Colorado Springs Fine Arts Center Foundation

Analysis

Colorado Springs Fine Arts Center Foundation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colorado Springs Fine Arts Center Foundation reported income of $282k and spending of $863k, spending 306% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $17.7m to $282k (-98%), an average of -64% a year. The sharpest change came in the year to December 2021, when income rose by 483%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colorado Springs Fine Arts Center Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CO. Charities of a similar size with the same main cause include Sweetwater Music Hall Inc ($282k), Philadelphia Gay Mens Chorus Incorporated ($282k) and Great Plains Theatre Inc ($282k).

Compensation of current officers, directors and key employees was $1,300 (0.2% of expenses). At year end it held assets of $18.4m against liabilities of $412k, net assets of $18.0m.