Wheat Ridge 2020 Inc

Analysis

Wheat Ridge 2020 Inc is a registered charity in United States, based in Wheat Ridge, CO. It received its IRS tax-exemption ruling in March 2008, 18 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 2020 Inc reported income of $388k and spending of $520k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $605k to $388k (-36%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. 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 2020 Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 63rd percentile within CO. Charities of a similar size with the same main cause include West Brighton Community Local Development Corporation ($388k), Westport Rotary Club Foundation Inc ($388k) and Vancouvers Downtown Association ($388k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $104k (20% of expenses). Other salaries and wages came to $122k. At year end it held assets of $2.2m against liabilities of $96k, net assets of $2.1m. It reported 4 employees.