Colorado Thrives

Analysis

Colorado Thrives is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 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 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, Colorado Thrives reported income of $370k and spending of $641k, spending 173% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $225k to $370k (+64%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 199%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Colorado Thrives sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include North Central Texas Interlink Inc ($370k), Dine Community Development Corporation ($370k) and Cornerstone Restoration ($369k).

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 $208k (32% of expenses). Other salaries and wages came to $19k. At year end it held assets of $157k against liabilities of $3,260, net assets of $154k. It reported 3 employees.