Tax Credit

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Donors giving to Early Connections benefit from the Colorado Child Care Contribution Tax Credit.

The State of Colorado offers a 50% income tax credit for donations to nonprofit child care centers.  Early Connections is devoted entirely to early care and education, so 100% of monetary donations qualify for the tax credit.

This means that your individual or business cash contribution to Early Connections has a direct impact on the lives of working families in the Pikes Peak region and it has the additional benefit of reducing your Colorado tax liability.

Example of Child Care Credit Tax Savings (28% tax bracket)

A. Charitable Donation $1,000
B. Colorado State Income Tax Savings (4.63%) $      46
C. Colorado Child Care Tax Credit $    500
D. Federal Income Tax Charitable Deduction * $    127
E. Tax Savings (B + C + D) $    673
F. After-tax cost of your $1,000 contribution (A-E) $    327
* Federal tax deduction is reduced because of the add-back effect of reduced state taxes

bIndividual circumstances vary.  Please consult your tax professional.

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Our Mission: To provide high quality,
comprehensive early care and education for
ALL children.

Early Connections Learning Centers.
A Member Agency since 1922.
Early Connections Learning Centers
104 E. Rio Grande St.
Colorado Springs, CO 80903
p: 719-632-1754
f: 719-632-3243