Colorado Youth Bands

Analysis

Colorado Youth Bands is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 1957, 69 years ago. 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 Youth Bands reported income of $315k and spending of $294k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $404k to $315k (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colorado Youth Bands sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within CO. Charities of a similar size with the same main cause include Teaching-Family Association ($315k), Society of American Military Engineers ($315k) and St Lukes Regional Medical Center Auxiliary Inc ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $38k (13% of expenses). Other salaries and wages came to $27k. At year end it held assets of $267k against liabilities of $1,523, net assets of $266k. It reported 5 employees.