Colorado Springs Community Cultural Collective at the City Auditorium

Analysis

Colorado Springs Community Cultural Collective at the City Auditorium is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in December 2020, 6 years ago. 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 November 2023, Colorado Springs Community Cultural Collective at the City Auditorium reported income of $2.4m and spending of $4.9m, spending 208% of what it took in. Across the 3 years on record, from November 2021 to November 2023, income grew from $412k to $2.4m (+478%), an average of +140% a year. The sharpest change came in the year to November 2022, when income rose by 633%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Colorado Springs Community Cultural Collective at the City Auditorium sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Community Christian Alternative Academy ($2.4m), YMCA Camp Mohawk Inc ($2.4m) and Mid Cape Church Homes Inc ($2.4m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $1.1m (22% of expenses). At year end it held assets of $80k against liabilities of $586k, net assets of -$506k. It reported 47 employees.