Denver Civic Ventures Inc

Analysis

Denver Civic Ventures Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 1981, 45 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 June 2024, Denver Civic Ventures Inc reported income of $4.1m and spending of $4.1m, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $4.1m (+79%), an average of +16% a year. The sharpest change came in the year to June 2024, when income rose by 47%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Denver Civic Ventures Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Local 26 Educational Development Trust ($4.1m), Oklahoma Alliance for Manufacturing Excellence Inc ($4.1m) and Plumbers Local No 12 Education Fund ($4.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 28% of the total. At year end it held assets of $5.9m against liabilities of $487k, net assets of $5.4m.