Denver Municipal Band

Analysis

Denver Municipal Band is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 1985, 41 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Denver Municipal Band reported income of $211k and spending of $232k, spending 110% of what it took in. Across the 3 years on record, from September 2021 to September 2023, income fell from $250k to $211k (-16%), an average of -8.2% a year. The sharpest change came in the year to September 2022, when income dropped by 21%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Denver Municipal Band sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within CO. Charities of a similar size with the same main cause include Westlake Choir Parents Inc ($211k), Lakecities Ballet Theatre ($211k) and Bristow Historical Society Inc ($211k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $65k (28% of expenses). Other salaries and wages came to $654. At year end it held assets of $617k against liabilities of $12k, net assets of $604k. It reported 2 employees.