Colorado Safe Parking Initiative

Analysis

Colorado Safe Parking Initiative is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colorado Safe Parking Initiative reported income of $982k and spending of $977k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $320k to $982k (+207%), an average of +75% a year. The sharpest change came in the year to December 2022, when income rose by 100%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Colorado Safe Parking Initiative sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Everett Non-Profit Housing Corporation ($982k), Timber Ridge Apartments Inc ($982k) and Midland Kings Daughters Endowment Fund ($982k).

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 $66k (6.7% of expenses). Other salaries and wages came to $385k. At year end it held assets of $473k against liabilities of $295k, net assets of $178k. It reported 16 employees.