Mater Filius Colorado Springs

Analysis

Mater Filius Colorado Springs is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mater Filius Colorado Springs reported income of $642k and spending of $39k, leaving 94% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.2m to $642k (-47%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 2.4% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mater Filius Colorado Springs sits at the 69th percentile: it is larger than about 69% 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 Child Advocacy Team ($642k), Jewish Family Services of Greater Charleston ($642k) and Concerned Citizens of Jack Co Inc ($642k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $3.2m against liabilities of $924, net assets of $3.2m. It reported 6 employees.