Colfax Community Network Inc

Analysis

Colfax Community Network Inc is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Colfax Community Network Inc reported income of $1.3m and spending of $689k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $296k to $1.3m (+355%), an average of +46% a year. The sharpest change came in the year to December 2022, when income rose by 615%. Over the whole period it spent 46% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Colfax Community Network Inc sits at the 89th percentile: it is larger than about 89% 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 Blue Sky Fund ($1.3m), Boys & Girls Clubs of Shelby County ($1.3m) and Capital for Kids ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (13% of expenses). Other salaries and wages came to $288k. At year end it held assets of $3.6m against liabilities of $808k, net assets of $2.8m. It reported 10 employees.