Pikes Peak Community Foundation

Analysis

Pikes Peak Community Foundation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in August 1996, 30 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, Pikes Peak Community Foundation reported income of $17.0m and spending of $20.2m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.9m to $17.0m (+146%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 101%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pikes Peak Community Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Community Foundation of Northern Illinois ($17.0m), Community Foundation for Northeast Georgia Inc ($17.0m) and United Way for Greater Austin ($16.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $388k (1.9% of expenses). Other salaries and wages came to $567k. At year end it held assets of $78.1m against liabilities of $6.8m, net assets of $71.3m. It reported 11 employees.