Denver Tool Library

Analysis

Denver Tool Library is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Tool Library reported income of $528k and spending of $460k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $284k to $528k (+86%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Denver Tool Library sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include Gerald Huff Fund for Humanity ($528k), Mozaic ($528k) and Genesis and Light Center ($528k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.7% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $167k (36% of expenses). Other salaries and wages came to $25k. At year end it held assets of $156k against liabilities of $0, net assets of $156k. It reported 5 employees.