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Colorado · Nonprofit

Pine River Shares

Pine River Shares (Colorado) receives grants from 13 organizations whose IRS filings report $1,204,999 to it, the largest being Community Foundation Serving Southwest Colorado ($835,931). 4 of them have funded it in more than one year, and 70% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

$912k
Revenue FY2024
13
Funders on record
$1.2M
Grants received
$865k
Net assets
4/13 repeat funders

Against its field

Pine River Shares runs a healthier operating margin than three-quarters of the 21,584 human services nonprofits its size.

Operating margin66% · top quartile
Months of reserve14.7mo · top quartile

this organization peer median middle 50% of peers· 21,584 human services nonprofits $100k–$1M, FY2024

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time
02Who funds it

Who funds it, year by year

2020 → 2023: the base held at 2 funders, grant income rose $13k → $64k.

2 of 13 of your funders are donor-advised or pass-through sponsors (tagged DAF)70% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of Pine River Shares’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

Pine River Shares leans on a few funders — its largest provides 69% of grant income and the top three 88%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

78% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund Pine River Shares.

69%
largest funder
88%
top three
~2
effective funders

Largest funder’s share by year: 2020 60% · 2022 51% · 2023 84%growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

70% of Pine River Shares's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $362k that is directly attributable, 100% of it comes from Colorado funders.

CO

In-state vs out-of-state, by year

20
22
23
Colorado out of state home

Funder states come from each funder’s own filing. $843k arriving through sponsors registered in 1 stateis excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 13 funders put you under-funded among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Organizations like Pine River Shares

Nonprofits whose mission and program text most resemble this one, by semantic similarity over the universe of US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Colorado

Nationally

04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

94% of spending goes to programs.

Program 94%Management 6%Fundraising 0%

Governance

9
board members
100%
independent
Conflict-of-interest policyWhistleblower policyDocument retentionBoard reviewed the 990Audited financials

Screen this organization

A dated, signed PDF of the compliance screen for Pine River Shares: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds Pine River Shares?
Pine River Shares (Colorado) receives grants from 13 organizations whose IRS filings report $1,204,999 to it, the largest being Community Foundation Serving Southwest Colorado ($835,931). 4 of them have funded it in more than one year, and 70% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does Pine River Shares have?
IRS filings report 13 organizations giving $1,204,999 in grants to Pine River Shares, 4 of which have funded it in more than one year.
Who is the largest funder of Pine River Shares?
Community Foundation Serving Southwest Colorado is the largest funder on record, with $835,931 in grants. The full list of funders is on this page.
How can an organization like Pine River Shares find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Colorado. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2024–2024), and the filings of 13funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported August 27, 2026. What this page cannot tell you · view filing