Goodwill of Colorado Foundation

Analysis

Goodwill of Colorado Foundation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in July 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Goodwill of Colorado Foundation reported income of $4.6m and spending of $3.0m, leaving 34% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $3.8m to $4.6m (+22%), an average of +6.8% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Goodwill of Colorado Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include The United Way of Northeast Louisiana Inc ($4.6m), Washington Lawyers Committee for Civil Rights & Urban Affairs ($4.6m) and Community Foundation of Mendocino County Inc ($4.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $481k. At year end it held assets of $17.7m against liabilities of $2.0m, net assets of $15.7m. It reported 6 employees.