Pikes Peak Real Estate Foundation Inc
Pikes Peak Real Estate Foundation experiences massive revenue surge in 2023, maintaining zero officer compensation.
EIN: 203455353 · Colorado Spgs, CO · NTEE: L12 · Updated: 2026-03-28
Is Pikes Peak Real Estate Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pikes Peak Real Estate Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pikes Peak Real Estate Foundation Inc
Pikes Peak Real Estate Foundation Inc (EIN: 203455353) is a nonprofit organization based in Colorado Spgs, CO, classified under NTEE code L12. The organization reported total revenue of $1.3M and total assets of $21.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pikes Peak Real Estate Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pikes Peak Real Estate Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 33.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.2M |
| Total Expenses | $611K |
| Surplus / Deficit | +$9.5M |
| Total Assets | $20.8M |
| Total Liabilities | $508K |
| Net Assets | $20.3M |
| Operating Margin | 94.0% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 408.9 months |
Financial Health Grade: A
In 2023, Pikes Peak Real Estate Foundation Inc reported a surplus of $9.5M with revenue exceeding expenses, holds 408.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pikes Peak Real Estate Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 33.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1120.4% | +7.8% | +90.4% |
| 2022 | -43.1% | -74.5% | +-0.0% |
| 2021 | -34.4% | +678.9% | -8.2% |
| 2020 | +2553.8% | +9.6% | +47.6% |
| 2019 | -95.9% | +67.8% | -15.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Pikes Peak Real Estate Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Pikes Peak Real Estate Foundation Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly commendable for a foundation with over $20 million in assets.
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 Pikes Peak Real Estate Foundation Inc's IRS 990 filings:
- Highly volatile revenue streams, with a significant spike in 2023 that could be non-recurring.
- Expenses exceeded revenue in 2021 ($2,219,345 expenses vs. $1,460,938 revenue).
Strengths
The following positive indicators were identified for Pikes Peak Real Estate Foundation Inc:
- Consistent 0% officer compensation, indicating strong financial stewardship and volunteer leadership.
- Significant asset growth, from $5.4 million in 2014 to over $20 million in 2023.
- Generally low expense ratio relative to revenue, especially in 2023 ($611,469 expenses on $10,151,851 revenue).
- Strong financial health with substantial reserves.
Frequently Asked Questions about Pikes Peak Real Estate Foundation Inc
Is Pikes Peak Real Estate Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pikes Peak Real Estate Foundation Inc (EIN: 203455353) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does Pikes Peak Real Estate Foundation Inc spend its money?
Pikes Peak Real Estate Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pikes Peak Real Estate Foundation Inc tax-deductible?
Pikes Peak Real Estate Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203455353). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant revenue increase to over $10 million in 2023?
The IRS 990 data shows a dramatic increase in revenue from $831,858 in 2022 to $10,151,851 in 2023. Further details from the full 990 filing would be needed to identify the specific sources of this substantial increase, such as large grants, investment gains, or property sales.
How does the organization manage its expenses given the highly variable revenue?
Despite highly variable revenue, the organization generally maintains low expenses relative to its assets and, in most years, its revenue. For example, in 2023, expenses were $611,469 against $10,151,851 in revenue. This suggests effective cost management, though the 2021 period saw expenses exceed revenue.
What is the primary purpose of the Pikes Peak Real Estate Foundation Inc, given its NTEE code L12?
NTEE code L12 typically refers to 'Housing & Shelter' organizations. Given the name 'Real Estate Foundation' and this code, it's likely involved in real estate-related activities to support housing or shelter initiatives, though specific program details are not available in this summary.
What is the long-term strategy for managing its substantial asset base?
The organization has grown its assets significantly from $5.4 million in 2014 to over $20 million in 2023. While this growth is positive, the summary does not detail the strategy for managing these assets, such as investment policies or how they are leveraged for programmatic impact.
Filing History
IRS 990 filing history for Pikes Peak Real Estate Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pikes Peak Real Estate Foundation Inc's revenue has grown by 3154.3%, moving from $312K to $10.2M. Total assets increased by 271.6% over the same period, from $5.6M to $20.8M. Total functional expenses rose by 88.3%, from $325K to $611K. In its most recent filing year (2023), Pikes Peak Real Estate Foundation Inc reported a surplus of $9.5M, with revenue exceeding expenses. The organization holds $508K in liabilities against $20.8M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $20.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.2M | $611K | $20.8M | $508K | — | — |
| 2022 | $832K | $567K | $10.9M | $123K | — | View 990 |
| 2021 | $1.5M | $2.2M | $10.9M | $3K | — | View 990 |
| 2020 | $2.2M | $285K | $11.9M | $26K | — | View 990 |
| 2019 | $84K | $260K | $8.1M | $6K | — | View 990 |
| 2018 | $2.1M | $155K | $9.5M | $274K | — | View 990 |
| 2017 | $177K | $245K | $5.6M | $209K | — | View 990 |
| 2016 | $184K | $206K | $5.2M | $169K | — | View 990 |
| 2015 | $224K | $204K | $5.5M | $18K | — | View 990 |
| 2014 | $148K | $173K | $5.4M | $16K | — | View 990 |
| 2013 | $193K | $232K | $5.5M | $47K | — | View 990 |
| 2012 | $150K | $238K | $5.5M | $14K | — | View 990 |
| 2011 | $312K | $325K | $5.6M | $655 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.2M, expenses of $611K, and assets of $20.8M (revenue +1120.4% year-over-year).
- 2022: Revenue of $832K, expenses of $567K, and assets of $10.9M (revenue -43.1% year-over-year).
- 2021: Revenue of $1.5M, expenses of $2.2M, and assets of $10.9M (revenue -34.4% year-over-year).
- 2020: Revenue of $2.2M, expenses of $285K, and assets of $11.9M (revenue +2553.8% year-over-year).
- 2019: Revenue of $84K, expenses of $260K, and assets of $8.1M (revenue -95.9% year-over-year).
- 2018: Revenue of $2.1M, expenses of $155K, and assets of $9.5M (revenue +1062.9% year-over-year).
- 2017: Revenue of $177K, expenses of $245K, and assets of $5.6M (revenue -3.9% year-over-year).
- 2016: Revenue of $184K, expenses of $206K, and assets of $5.2M (revenue -17.9% year-over-year).
- 2015: Revenue of $224K, expenses of $204K, and assets of $5.5M (revenue +51.7% year-over-year).
- 2014: Revenue of $148K, expenses of $173K, and assets of $5.4M (revenue -23.3% year-over-year).
- 2013: Revenue of $193K, expenses of $232K, and assets of $5.5M (revenue +28.3% year-over-year).
- 2012: Revenue of $150K, expenses of $238K, and assets of $5.5M (revenue -51.8% year-over-year).
- 2011: Revenue of $312K, expenses of $325K, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pikes Peak Real Estate Foundation Inc:
Data Sources and Methodology
This transparency report for Pikes Peak Real Estate Foundation 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.