The Salvation Army Denver Residences Inc

Analysis

The Salvation Army Denver Residences Inc is a registered charity in United States, based in Rancho Palos Verdes, CA. It received its IRS tax-exemption ruling in August 1996, 30 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 September 2023, The Salvation Army Denver Residences Inc reported income of $526k and spending of $534k, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $456k to $526k (+15%), an average of +3.6% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Salvation Army Denver Residences Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($526k), Trinity Sober Homes ($526k) and A Little Bit of Heaven ($526k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 43% and program service revenue 54% of the total. Other salaries and wages came to $98k. At year end it held assets of $1.7m against liabilities of $49k, net assets of $1.7m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.