Papagayo

Analysis

Papagayo is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Papagayo reported income of $558k and spending of $324k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $558k (+709%), an average of +709% a year. The sharpest change came in the year to December 2023, when income rose by 709%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Papagayo sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Amaranth Diabetes Foundation Inc ($558k), The Alliance for Media Arts - Culture Inc ($558k) and Capitol Theater Foundation of Burlington Iowa ($558k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $65k (20% of expenses). Other salaries and wages came to $71k. At year end it held assets of $136k against liabilities of $0, net assets of $136k.