Community Foundation Serving Southwest Colorado

Analysis

Community Foundation Serving Southwest Colorado is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in October 1999, 27 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, Community Foundation Serving Southwest Colorado reported income of $6.1m and spending of $5.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $6.1m (+146%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation Serving Southwest Colorado sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Community Foundation of Washington County Maryland Incorporated ($6.1m), Cary Brown Family Foundation ($6.1m) and Trident United Way Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $98k (1.7% of expenses). Other salaries and wages came to $281k. At year end it held assets of $13.7m against liabilities of $4.7m, net assets of $9.0m. It reported 20 employees.