The Delores Project

Analysis

The Delores Project is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, The Delores Project reported income of $2.9m and spending of $3.3m, spending 113% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.5m to $2.9m (+17%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Delores Project sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CO. Charities of a similar size with the same main cause include Virginia Community Development Corp ($2.9m), Scranton Neigborhood Housing ($2.9m) and Habitat for Humanity International Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $169k (5.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $2.8m against liabilities of $99k, net assets of $2.7m. It reported 64 employees.