Colorado Music Bridge

Analysis

Colorado Music Bridge is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Music Bridge reported income of $246k and spending of $222k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $160k to $246k (+54%), an average of +54% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colorado Music Bridge 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 58th percentile, and in the 55th percentile within CO. Charities of a similar size with the same main cause include Dedham School of Music Incorporated ($246k), Teche Center for the Arts ($246k) and Aroostook Arts and Education Center ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $33k (15% of expenses). At year end it held assets of $109k against liabilities of $202, net assets of $109k. It reported 2 employees.