Western Colorado Community Foundation Inc

Analysis

Western Colorado Community Foundation Inc is a registered charity in United States, based in Grand Junction, CO. It received its IRS tax-exemption ruling in November 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, Western Colorado Community Foundation Inc reported income of $11.7m and spending of $8.7m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.6m to $11.7m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2022, when income rose by 332%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Western Colorado Community Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include John G Kenedy Jr Charitable Trust ($11.7m), Waco Foundation ($11.8m) and Illinois Assistive Technology Program ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $346k (4.0% of expenses). Other salaries and wages came to $613k. At year end it held assets of $170.0m against liabilities of $8.3m, net assets of $161.7m. It reported 14 employees.