Ratio of fundraising expenses to contributions revenue, 2008-2017

Colorado charities

2008 - 10.3%

2009 - 11%

2010 - 10.2%

2011 - 10.2%

2012 - 9.5%

2013 - 10.5%

2014 - 9.2%

2015 - 10.6%

2016 - 10.6%

2017 - 10.7%

All charities

2007 - 9.6%

2008 - 9.5%

2009 - 9.4%

2010 - 9.3%

2011 - 8.8%

2012 - 8.7%

2013 - 9.0%

2014 - 8.6%

2015 - 8.5%

2016 - 8.5%

2017 - 8.5%