Colorado Literacy & Learning Center

Analysis

Colorado Literacy & Learning Center is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Colorado Literacy & Learning Center reported income of $225k and spending of $234k, spending 104% of its income. Across the 5 years on record, from December 2019 to June 2023, income fell from $327k to $225k (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2020, when income rose by 131%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Colorado Literacy & Learning Center sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CO. Charities of a similar size with the same main cause include Musica Viva Inc ($225k), Rope Your Dreams Therapeutic Riding and Education Center ($225k) and School Fuel ($225k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $126k (54% of expenses). At year end it held assets of $98k against liabilities of $726, net assets of $97k. It reported 1 employees.