Wet Mountain Valley Community Foundation Inc

Analysis

Wet Mountain Valley Community Foundation Inc is a registered charity in United States, based in Westcliffe, CO. It received its IRS tax-exemption ruling in March 2000, 26 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 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, Wet Mountain Valley Community Foundation Inc reported income of $632k and spending of $603k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $472k to $632k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wet Mountain Valley Community Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include Goodcoin Giving Fund ($632k), Good Samaritan Foundation of Haiti Inc ($632k) and Worthington Regional Heath Care Foundation Inc ($632k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 12% of the total. At year end it held assets of $1.8m against liabilities of $200, net assets of $1.8m.