Colorado Springs Community Ventures Inc

Analysis

Colorado Springs Community Ventures Inc is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in November 1997, 29 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 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, Colorado Springs Community Ventures Inc reported income of $485k and spending of $387k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $485k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 82% 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 Community Ventures Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 67th percentile within CO. Charities of a similar size with the same main cause include Schoodic Arts for All ($485k), Cambodian American Community Council of Washington ($485k) and Flint Hills Discovery Center Foundation ($485k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 11% of the total. At year end it held assets of $1.1m against liabilities of $11k, net assets of $1.1m.