Advance Colorado

Analysis

Advance Colorado is a registered charity in United States, based in Englewood, CO. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Advance Colorado reported income of $3.1m and spending of $2.4m, leaving 21% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.0m to $3.1m (+209%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advance Colorado sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CO. Charities of a similar size with the same main cause include Regional Housing & Community Services Corporation ($3.1m), The Red Tab Foundation ($3.1m) and El Paso Sports Commission ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.