Startup Colorado

Analysis

Startup Colorado is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in October 2022, 4 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, Startup Colorado reported income of $457k and spending of $571k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $259k to $457k (+76%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Startup Colorado sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within CO. Charities of a similar size with the same main cause include Loris Hands Inc ($457k), Gathering Place of Milton Inc ($457k) and Grace International Childrens Foundation USA Inc ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $111k (19% of expenses). Other salaries and wages came to $200k. At year end it held assets of $188k against liabilities of $54k, net assets of $134k. It reported 9 employees.