Colores United

Analysis

Colores United is a registered charity in United States, based in Deming, NM. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 May 2024, Colores United reported income of $995k and spending of $1.0m, spending 102% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $368k to $995k (+170%), an average of +170% a year. The sharpest change came in the year to May 2024, when income rose by 170%. Over the whole period it spent 99% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Colores United sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NM. Charities of a similar size with the same main cause include Alliance to Protect Nantucket Sound Inc ($995k), Terraset ($995k) and Farm & Natural Land Trust of York County ($994k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $452k (45% of expenses). At year end it held assets of $166k against liabilities of $140k, net assets of $26k. It reported 44 employees.