Colorado Freedom Memorial Foundation

Analysis

Colorado Freedom Memorial Foundation is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in June 2001, 25 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 December 2023, Colorado Freedom Memorial Foundation reported income of $97k and spending of $81k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $40k to $97k (+144%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 812%. Over the whole period it spent 80% 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 Freedom Memorial Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 32nd percentile within CO. Charities of a similar size with the same main cause include Seminole Cultural Arts Theatre Inc ($97k), Southern Hills Arts Council ($97k) and Irish American Society of County Will ($97k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $28k (34% of expenses). At year end it held assets of $968k against liabilities of $0, net assets of $968k.