Colorado Energy Foundation

Analysis

Colorado Energy Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colorado Energy Foundation reported income of $275k and spending of $189k, leaving 31% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $204k to $275k (+35%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Colorado Energy Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CO. Charities of a similar size with the same main cause include Reisterstown Improvement Association Inc ($275k), Asesores Financieros Comunitarios Inc ($275k) and Goodwill Solutions Inc ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.9% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.