Wheat Ridge Business District

Analysis

Wheat Ridge Business District is a registered charity in United States, based in Wheat Ridge, CO. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Wheat Ridge Business District reported income of $91k and spending of $137k, spending 151% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $91k (-2.1%), an average of -2.1% a year. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Wheat Ridge Business District sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 31st percentile within CO. Charities of a similar size with the same main cause include Meridian Junior Auxiliary Inc ($91k), Doorway to Louisiana Inc ($91k) and Howard County Sponsoring Committee ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. At year end it held assets of $167k against liabilities of $96k, net assets of $71k.