Energize Colorado Inc

Analysis

Energize Colorado Inc is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in July 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 (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, Energize Colorado Inc reported income of $651k and spending of $1.1m, spending 167% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $2.6m to $651k (-75%), an average of -37% a year. The sharpest change came in the year to December 2022, when income dropped by 84%. Over the whole period it spent 49% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Energize Colorado Inc 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 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include Goodwill Keystone Area Foundation ($651k), Pennsylvania State Association of County Fairs ($652k) and Interfaith Solidarity and Accompaniment Coalition Inc ($651k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $137k (13% of expenses). Other salaries and wages came to $286k. At year end it held assets of $11.0m against liabilities of $7.9m, net assets of $3.1m. It reported 9 employees.