Step Denver

Analysis

Step Denver is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 1985, 41 years ago. 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, Step Denver reported income of $3.6m and spending of $6.2m, spending 173% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.7m to $3.6m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Step Denver sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Laurens Senior Pioneers Inc ($3.6m), Abiqua School Foundation ($3.6m) and Headwaters Foundation for Justice ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $391k (6.4% of expenses). Other salaries and wages came to $945k. At year end it held assets of $7.3m against liabilities of $969k, net assets of $6.3m. It reported 33 employees.