Community Services of Broomfield Inc

Analysis

Community Services of Broomfield Inc is a registered charity in United States, based in Broomfield, CO. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Community Services of Broomfield Inc reported income of $4.4m and spending of $4.6m, spending 105% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $4.4m (+75%), an average of +15% a year. The sharpest change came in the year to September 2020, when income rose by 67%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Services of Broomfield Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include University Settlement Inc ($4.4m), The Korean-American Family Service Center Inc ($4.4m) and Coosa Valley Youth Services Inc ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $134k (2.9% of expenses). Other salaries and wages came to $765k. At year end it held assets of $1.7m against liabilities of $313k, net assets of $1.4m. It reported 23 employees.