Apogaea Incorporated

Analysis

Apogaea Incorporated is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Apogaea Incorporated reported income of $380k and spending of $297k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $380k (+84%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 6065%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Apogaea Incorporated sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include The Branson Arts Council Inc ($380k), Art Sweats Inc ($380k) and Pioneer Valley Ballet Guild ($380k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. At year end it held assets of $491k against liabilities of $743, net assets of $490k.