Advance Colorado Fund Inc
Advance Colorado Fund Inc. shows declining assets and recent operational deficits, but maintains no liabilities and zero officer compensation.
EIN: 208096501 · Golden, CO · NTEE: S21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $140K |
| Total Expenses | $153K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $55K |
| Transparency Score | 75/100 |
Is Advance Colorado Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Advance Colorado Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Advance Colorado Fund Inc
Advance Colorado Fund Inc (EIN: 208096501) is a nonprofit organization based in Golden, CO, classified under NTEE code S21. The organization reported total revenue of $140K and total assets of $55K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Advance Colorado Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Advance Colorado Fund Inc is a small nonprofit that has been operating for 19 years, with 8 years of IRS 990 filings on record (2012–2019). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $140K |
| Total Expenses | $153K |
| Surplus / Deficit | $-12,431 |
| Total Assets | $55K |
| Net Assets | $55K |
| Operating Margin | -8.9% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2019, Advance Colorado Fund Inc reported a deficit of $12K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate).
Financial Trends
Over 8 years of filings (2012–2019), Advance Colorado Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -16.8% | -13.0% | -18.5% |
| 2018 | -0.5% | -9.3% | -9.3% |
| 2017 | -2.5% | +12.2% | -24.6% |
| 2016 | -0.5% | -9.8% | +1.2% |
| 2015 | -6.5% | +7.4% | -14.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Advance Colorado Fund Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Advance Colorado Fund Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is highly unusual for an organization with annual revenues exceeding $100,000 and suggests a volunteer-led or very lean operational structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Advance Colorado Fund Inc's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2019 expenses $152,512 vs. revenue $140,081).
- Declining asset base over the past several years, from $113,765 in 2014 to $54,783 in 2019.
- Lack of detailed expense breakdown beyond total expenses, making it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Advance Colorado Fund Inc:
- Zero officer compensation reported across all filings, indicating a highly efficient use of funds in this area.
- No reported liabilities in recent filings, suggesting good debt management.
- Consistent filing of IRS 990 forms, demonstrating transparency.
Frequently Asked Questions about Advance Colorado Fund Inc
Is Advance Colorado Fund Inc a legitimate charity?
Advance Colorado Fund Inc (EIN: 208096501) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 75/100. It has 8 years of IRS 990 filings on record. Total revenue: $140K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Advance Colorado Fund Inc spend its money?
Advance Colorado Fund Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Advance Colorado Fund Inc tax-deductible?
Advance Colorado Fund Inc is registered as a tax-exempt nonprofit (EIN: 208096501). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Advance Colorado Fund Inc CEO make?
Advance Colorado Fund Inc's highest-compensated officer earns $100,000 annually. The organization reported $140K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Advance Colorado Fund Inc's spending goes to programs?
Advance Colorado Fund Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Advance Colorado Fund Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Advance Colorado Fund Inc is above average for NTEE category S21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Advance Colorado Fund Inc located?
Advance Colorado Fund Inc is headquartered in Golden, Colorado and files with the IRS under EIN 208096501. It is classified under NTEE code S21.
How many years of IRS 990 filings does Advance Colorado Fund Inc have?
Advance Colorado Fund Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $140K in total revenue.
Is Advance Colorado Fund Inc. financially stable?
While the organization has no liabilities and a decent asset base of $54,783, it has experienced operational deficits in recent years (e.g., $152,512 expenses vs. $140,081 revenue in 2019), and its assets have been declining since 2014, suggesting potential long-term stability concerns if this trend continues.
How does Advance Colorado Fund Inc. manage its administrative costs?
The organization reports 0% officer compensation across all filings, which is a strong indicator of very low administrative costs related to executive salaries. However, a detailed breakdown of other administrative expenses is not provided in the summary data.
What is the trend in the organization's financial health?
The organization's revenue has generally decreased from a high of $186,618 in 2014 to $140,081 in 2019, and it has consistently incurred expenses greater than revenue since 2017, leading to a decline in assets from $113,765 in 2014 to $54,783 in 2019.
Filing History
IRS 990 filing history for Advance Colorado Fund Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2019), Advance Colorado Fund Inc's revenue has grown by 24.5%, moving from $113K to $140K. Total assets increased by 0.8% over the same period, from $54K to $55K. Total functional expenses rose by 83.5%, from $83K to $153K. In its most recent filing year (2019), Advance Colorado Fund Inc reported a deficit of $12K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $140K | $153K | $55K | $0 | — | View 990 |
| 2018 | $168K | $175K | $67K | $0 | — | View 990 |
| 2017 | $169K | $193K | $74K | $0 | — | — |
| 2016 | $174K | $172K | $98K | $0 | — | View 990 |
| 2015 | $174K | $191K | $97K | $0 | — | View 990 |
| 2014 | $187K | $178K | $114K | $0 | — | View 990 |
| 2013 | $151K | $99K | $105K | $0 | — | View 990 |
| 2012 | $113K | $83K | $54K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $140K, expenses of $153K, and assets of $55K (revenue -16.8% year-over-year).
- 2018: Revenue of $168K, expenses of $175K, and assets of $67K (revenue -0.5% year-over-year).
- 2017: Revenue of $169K, expenses of $193K, and assets of $74K (revenue -2.5% year-over-year).
- 2016: Revenue of $174K, expenses of $172K, and assets of $98K (revenue -0.5% year-over-year).
- 2015: Revenue of $174K, expenses of $191K, and assets of $97K (revenue -6.5% year-over-year).
- 2014: Revenue of $187K, expenses of $178K, and assets of $114K (revenue +23.3% year-over-year).
- 2013: Revenue of $151K, expenses of $99K, and assets of $105K (revenue +34.5% year-over-year).
- 2012: Revenue of $113K, expenses of $83K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Advance Colorado Fund Inc:
Data Sources and Methodology
This transparency report for Advance Colorado Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.