640 Improvement Corporation

Analysis

640 Improvement Corporation is a registered charity in United States, based in HGHLNDS Ranch, CO. It received its IRS tax-exemption ruling in July 2000, 26 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 July 2023, 640 Improvement Corporation reported income of $1.3m and spending of $516k, leaving 59% of income unspent that year. Across the 4 years on record, from July 2020 to July 2023, income grew from $1.2m to $1.3m (+3.0%), an average of +1.0% a year. The sharpest change came in the year to July 2021, when income dropped by 24%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 640 Improvement Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Prime Time House Inc ($1.3m), Family Matters Inc ($1.3m) and Milwaukee Community Service Corps Inc ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $514k (100% of expenses). At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.