Denver Cyclone Scholarship Foundation

Analysis

Denver Cyclone Scholarship Foundation is a registered charity in United States, based in Denver, IA. It received its IRS tax-exemption ruling in September 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Cyclone Scholarship Foundation reported income of $183k and spending of $104k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $80k to $183k (+129%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 162%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Denver Cyclone Scholarship Foundation sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within IA. Charities of a similar size with the same main cause include Foundation for Bayport Public Library ($183k), John F Kennedy Middle School Expeditionary Education Foundation ($183k) and Aram Tamil School Inc ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.