Colorado Afro Latin Dance and Arts Collective

Analysis

Colorado Afro Latin Dance and Arts Collective is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in July 2022, 4 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 Afro Latin Dance and Arts Collective reported income of $248k and spending of $399k, spending 161% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $229k to $248k (+8.1%), an average of +8.1% a year. Over the whole period it spent 134% 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 Afro Latin Dance and Arts Collective sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within CO. Charities of a similar size with the same main cause include Torch Literary Arts ($248k), The Northeast Orchestra ($248k) and Saratoga Childrens Theatre Inc ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.2% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $98k (24% of expenses). At year end it held assets of $36k against liabilities of $163k, net assets of -$127k.