Colorado Nonprofit Development Center

Analysis

Colorado Nonprofit Development Center is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 1999, 27 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 December 2023, Colorado Nonprofit Development Center reported income of $19.6m and spending of $18.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.3m to $19.6m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Colorado Nonprofit Development Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Latino Economic Development Corporation of Washington DC ($19.5m), Hmong American Partnership ($19.6m) and East Bay Asian Local Development Corporation ($19.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $563k (3.1% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $13.7m against liabilities of $2.5m, net assets of $11.2m. It reported 204 employees.