East Colfax Community Collective

Analysis

East Colfax Community Collective is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in May 2022, 4 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, East Colfax Community Collective reported income of $2.9m and spending of $1.1m, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.2m to $2.9m (+143%), an average of +143% a year. The sharpest change came in the year to December 2023, when income rose by 143%. Over the whole period it spent 48% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, East Colfax Community Collective sits at the 88th 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 89th percentile within CO. Charities of a similar size with the same main cause include On Broadway Inc ($2.9m), West Piedmont Workforce Investment Board ($2.9m) and Donate Delaware Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $92k (8.1% of expenses). Other salaries and wages came to $599k. At year end it held assets of $3.1m against liabilities of $501k, net assets of $2.6m. It reported 14 employees.