Colorado Springs Health Foundation
93% goes to programs $0 to raise $100 Strong reserves Declining revenue
Colorado Springs Health Foundation is a 501(c)(3) organization based in Colorado Spgs, Colorado, registered in 2014, with $4,509,507 in FY2023 revenue. CharityIndex grades it C+, and it directs about 93% of spending to programs.
Po Box 509, Colorado Spgs, CO, 80901 EIN 46-1076026 Since 2014
Revenue (FY2023)
$4.5M
▼ 68.8% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$6.3M
Net assets
$178.3M
Employees
2
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating93% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Colorado Springs Health Foundation: 93% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating342 mo reserves · -39% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Colorado Springs Health Foundation: 342 mo reserves · -39% margin earns a D on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Colorado Springs Health Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Colorado Springs Health Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide grants that target immediate healthcare needs and encourage healthy living.
Contact & location
- Address
- Po Box 509, Colorado Spgs, CO, 80901
- City
- Colorado Spgs
- State
- Colorado
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $80.2M (FY2014) to $4.5M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $344KNet assets $178.3M
Operating margin
-38.8%
Spent more than it raised in the latest fiscal year.
Total assets
$178.6M
Total liabilities
$344K
Net assets
$178.3M
Salaries & benefits
$371K
6% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $4,509,507▼68.8% | $6,258,299▼12.5% | $178,255,559▲15.8% | $178,599,394▲15.1% | 990 |
| 2022 | $14,434,790▼28.4% | $7,149,738▲3.1% | $153,923,372▼19.4% | $155,188,686▼19.5% | 990 |
| 2021 | $20,158,263▲132% | $6,935,017▲32.8% | $190,895,225▲15.1% | $192,761,783▲15.0% | 990 |
| 2020 | $8,696,423▼20.3% | $5,223,757▲10.2% | $165,825,270▲15.4% | $167,553,543▲14.4% | 990 |
| 2019 | $10,909,041▼26.9% | $4,739,436▼36.6% | $143,663,988▲21.8% | $146,523,082▲21.1% | 990 |
| 2018 | $14,924,571▲9.1% | $7,469,654▲109% | $117,931,601▼3.4% | $121,038,924▼0.8% | 990 |
| 2017 | $13,675,391▼9.2% | $3,567,925▲19.0% | $122,032,532▲19.7% | $122,053,782▲19.7% | 990 |
| 2016 | $15,065,737▲36.5% | $2,998,856▲965% | $101,965,733▲15.9% | $101,982,960▲15.9% | 990 |
| 2015 | $11,040,412▼86.2% | $281,469▲1751% | $87,996,917▲9.7% | $88,013,859▲9.7% | 990 |
| 2014 | $80,213,422 | $15,209 | $80,198,213 | $80,203,074 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Caroline T Davis — $166,751 (2.66% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Caroline T Davis | Executive Director | 40 | $166,751 |
| Jamie B Thompson | Senior Program Officer | 40 | $121,384 |
| Ann Cesare | Trustee | 2 | — |
| Annette Fryman | Trustee | 2 | — |
| Augustine Nellary | Trustee | 2 | — |
| Curtis Brown | Trustee | 2 | — |
| Erik Wallace Md | Trustee | 2 | — |
| Jacob V Pruitt | Board Treasurer | 3 | — |
| James M Johnson | Board Chair | 4 | — |
| Kent Fortune | Trustee | 2 | — |
| Martha Barton | Trustee | 2 | — |
| Mary Coleman | Board Secretary | 3 | — |
| Mia Ramirez | Trustee | 2 | — |
| Patrick Sharp | Trustee | 2 | — |
Grants made · $5.4M in FY2023
81 grants totaling $5.4M in FY2023 — showing the 15 largest. All grants made by Colorado Springs Health Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Trust For Public Land | Program | $450,000 |
| City of Colorado Springs | Capital | $400,000 |
| Joint Initiatives For Youth and Families | Program | $197,726 |
| We Fortify | Capital | $159,700 |
| Atlas Preparatory School Inc | Capital | $150,000 |
| Solid Rock Community Developmentcorporation | Program | $150,000 |
| Brothers Redevelopment Inc | Program | $150,000 |
| Ascending To Health Respite Care Inc | General operating | $135,382 |
| Community Coalition For Families & Children | Program | $125,000 |
| Community Partnership For Child Development | Program | $100,000 |
| Childrens Hospital Colorado | Program | $100,000 |
| Inside Out Youth Services | Program | $100,000 |
| Friends of the Children-colorado | General operating | $100,000 |
| Homeward Pikes Peak | Program | $100,000 |
| Big Brothers & Big Sisters of Colorado Inc | Program | $100,000 |
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Frequently asked questions
- Is Colorado Springs Health Foundation a legitimate nonprofit?
- Yes. Colorado Springs Health Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-1076026, based in Colorado Spgs, Colorado. Donations are tax-deductible.
- What is Colorado Springs Health Foundation's EIN?
- Colorado Springs Health Foundation's Employer Identification Number (EIN) is 46-1076026.
- How much revenue does Colorado Springs Health Foundation report?
- Colorado Springs Health Foundation reported $4,509,507 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Colorado Springs Health Foundation's spending goes to programs?
- Colorado Springs Health Foundation spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Colorado Springs Health Foundation have?
- CharityIndex grades Colorado Springs Health Foundation C+, based on program efficiency and fundraising cost.
- How much does Colorado Springs Health Foundation's highest-paid employee make?
- The highest reported compensation on Colorado Springs Health Foundation's latest Form 990 is $166,751, paid to Caroline T Davis (Executive Director).
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Data for Colorado Springs Health Foundation (EIN 46-1076026) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.