Cultivando

Analysis

Cultivando is a registered charity in United States, based in Eastlake, CO. It received its IRS tax-exemption ruling in August 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, Cultivando reported income of $1.3m and spending of $1.6m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $524k to $1.3m (+155%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 192%. Over the whole period it spent 65% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cultivando sits at the 81st percentile: it is larger than about 81% 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 Vermont Works for Women Inc ($1.3m), Spring Garden Community Development Corporation ($1.3m) and Vision Galveston Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $125k (7.8% of expenses). Other salaries and wages came to $599k. At year end it held assets of $3.0m against liabilities of $16k, net assets of $3.0m. It reported 11 employees.