Colorado Food Cluster Inc

Analysis

Colorado Food Cluster Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Colorado Food Cluster Inc reported income of $1.0m and spending of $952k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $304k to $1.0m (+230%), an average of +82% a year. The sharpest change came in the year to December 2022, when income rose by 2131%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Colorado Food Cluster Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Operation Keepsake Inc ($1.0m), Kama Relief Corporation ($1.0m) and Premier Adoption Agency ($1.0m).

On its Form 990 for the period ending December 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 $102k (11% of expenses). Other salaries and wages came to $300k. It paid $44k in professional fundraising fees. At year end it held assets of $573k against liabilities of $18k, net assets of $555k. It reported 7 employees.