Colorado Springs Conservatory Foundation

Analysis

Colorado Springs Conservatory Foundation is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in February 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Colorado Springs Conservatory Foundation reported income of $1.1m and spending of $1.2m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $1.1m (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colorado Springs Conservatory Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Cornerstone Mandarin Center ($1.1m), Economic Development & Financing Corporation ($1.1m) and Youth Over US Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $92k (7.5% of expenses). Other salaries and wages came to $580k. At year end it held assets of $1.5m against liabilities of $936k, net assets of $590k. It reported 72 employees.