Colorado Destination Academy

Analysis

Colorado Destination Academy 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 recreation and sports, which this site groups under amateur sport and recreation. 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 Destination Academy reported income of $228k and spending of $127k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $228k (+305%), an average of +305% a year. The sharpest change came in the year to December 2023, when income rose by 305%. Over the whole period it spent 65% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Colorado Destination Academy sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within CO. Charities of a similar size with the same main cause include Loveland Volleyball Inc ($228k), Run4fun Inc ($228k) and Kihei Canoe Club ($228k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $85k against liabilities of $1,950, net assets of $83k.