Colorado West Performing Arts Company

Analysis

Colorado West Performing Arts Company is a registered charity in United States, based in Grand JCT, CO. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Colorado West Performing Arts Company reported income of $438k and spending of $373k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $438k (+291%), an average of +291% a year. The sharpest change came in the year to December 2023, when income rose by 291%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Colorado West Performing Arts Company 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 68th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Teatro Avante Inc ($438k), Beaufort County Arts Council ($438k) and Pinocchio Inc ($438k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $30k (8.0% of expenses). Other salaries and wages came to $126k. At year end it held assets of $65k against liabilities of $0, net assets of $65k. It reported 19 employees.