You can claim 25% of your donation as a state income tax credit if:
– You are a Colorado taxpayer
– You give at a level greater than or equal to $250 per year in monetary contributions and/or
– You give at a level greater than or equal to $5,000 per year in in-kind contributions
Disclaimer: Nothing on this website or in these videos constitutes financial advice. Please discuss your tax situation with a tax professional.
What is the Homeless Contribution Tax Credit (HCTC)?
Created by Colorado House Bill 2022 – 1083 and administered by the Division of Housing (DOLA), the HCTC provides a tax credit to Colorado taxpayers who contribute to eligible, homelessness-related projects within Colorado—that includes Providence Network.
By contributing to our organization, you can claim 25% of your donation (monetary or value of in-kind) as a state income tax credit.
Who qualifies for the HCTC?
Any Colorado taxpayer who contributes to eligible nonprofit organizations and projects at a level equal to or greater than:
- $250/year in monetary donations
- $5,000/year in in-kind donations
- In-kind donations are contributions of “property, services, stocks, bonds, or other intangible property.” This excludes items like clothing and furniture. See FAQs for more information.
How do I apply for the HCTC?
Donors may apply for the HCTC themselves via the HCTC Salesforce Portal. Here is an instructional video for this process. Please ensure that you review the following documents before beginning the application process:
Nonprofit name: Providence Network
Project name: Providence Network: Homeless Support Services
You can download your giving statements/donation receipts through our donor portal.
Providence Network may also apply on behalf of the donor. However, please note that this requires the donor to disclose their full Social Security Number (SSN), Individual Taxpayer Identification Number (ITIN), and Employer Identification Number (EIN) to us. If you choose to have us apply on your behalf, we will collect your sensitive information via phone call only at 303-551-9319.
As a friendly reminder, never share sensitive and/or personal identifiable information—including your social security number and/or tax identification number—over email or text message!
What are the deadlines for submission?
At minimum, submissions should be made on a quarterly basis. The next deadline for submission is October 31, 2023 for all eligible contributions made from January 1 – September 30, 2023.
Gift Date |
Submission Deadline |
|---|---|
| July 1 – September 30 | October 31 |
| October 1 – December 31 | January 31 |
| January 1 – March 31 | April 30 |
| April 1 – June 30 | July 31 |
If a submission deadline arrives, and you have donated less than $250, please wait until the next deadline to submit your cumulative donations equaling $250 or more.
While HCTC may be submitted annually, those who submit their giving quarterly are given priority from DOLA.
When will I receive my HCTC certificate?
Providence Network has opted to distribute certificates annually. Certificates will be sent to donors from February 1st – 15th. Options for distribution are either through secured email or postal mail.