Denver Scholarship Foundation

Analysis

Denver Scholarship Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Denver Scholarship Foundation reported income of $16.5m and spending of $17.3m, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $11.4m to $16.5m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Denver Scholarship Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CO. Charities of a similar size with the same main cause include Omega Institute for Holistic Studies Inc ($16.5m), National Association for Communitycollege Entrepreneurship Inc ($16.5m) and Partnership for Los Angeles Schools ($16.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $654k (3.8% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $39.9m against liabilities of $2.4m, net assets of $37.5m. It reported 100 employees.