Denver City Lax

Analysis

Denver City Lax is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Denver City Lax reported income of $564k and spending of $535k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $447k to $564k (+26%), an average of +6.0% a year. The sharpest change came in the year to August 2021, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Denver City Lax sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include North Palm Beach Rowing Club Inc Aflorida Not for Profit Corp ($564k), Kalida Park Foundation ($564k) and New Mexico High School Rodeo Association ($563k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $84k (16% of expenses). Other salaries and wages came to $141k. At year end it held assets of $535k against liabilities of $2,097, net assets of $533k. It reported 4 employees.