Colorado Safety Association

Analysis

Colorado Safety Association is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 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 Safety Association reported income of $377k and spending of $881k, spending 234% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $856k to $377k (-56%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 125% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colorado Safety Association sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include Cain Center for the Disabled Inc ($377k), Millburn Short Hills Youth Baseball ($377k) and Community Volunteer Transportation Company ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $41k (4.6% of expenses). Other salaries and wages came to $464k. At year end it held assets of $375k against liabilities of $683k, net assets of -$307k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.