Denver Art Society

Analysis

Denver Art Society is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Denver Art Society reported income of $155k and spending of $134k, spending 87% of its income. Across the 2 years on record, from May 2022 to May 2023, income fell from $174k to $155k (-11%), an average of -11% a year. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Denver Art Society sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within CO. Charities of a similar size with the same main cause include Quilters Hall of Fame Inc ($155k), Gurdjieff Foundation of California Los Angeles Branch ($155k) and Ascanios Purse ($155k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 44% and program service revenue 38% of the total. At year end it held assets of $116k against liabilities of $20k, net assets of $96k.