Denver Art Museum Foundation

Analysis

Denver Art Museum Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in July 1988, 38 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 Art Museum Foundation reported income of $4.2m and spending of $8.3m, spending 196% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.7m to $4.2m (+55%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 1021%. Over the whole period it spent 64% 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 Art Museum Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include House of the Temple Historic Preservation Foundation Inc ($4.2m), Palm Beach Opera Inc ($4.2m) and Palace Performing Arts Center Inc ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% of the total. At year end it held assets of $175.4m against liabilities of $14.5m, net assets of $160.9m.