Dry Bones Denver

Analysis

Dry Bones Denver is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dry Bones Denver reported income of $996k and spending of $1.1m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $683k to $996k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dry Bones Denver sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CO. Charities of a similar size with the same main cause include Betty Kwan Chinn Homeless Foundation ($995k), Transitional Living Centers of Oklahoma Inc ($996k) and Lake Cumberland Housing Agency Inc ($994k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $61k (5.6% of expenses). At year end it held assets of $862k against liabilities of $32k, net assets of $829k. It reported 31 employees.