Denver Community Ventures

Analysis

Denver Community Ventures is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 2013, 13 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 December 2023, Denver Community Ventures reported income of $395k and spending of $428k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $395k (+75%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 115%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Denver Community Ventures sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within CO. Charities of a similar size with the same main cause include GMP Development Corp ($394k), Ahepa 242 Inc ($395k) and Casa Sierra Vista Inc ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $196k. At year end it held assets of $935k against liabilities of $163k, net assets of $773k.