Friends of the Denver School of the Arts

Analysis

Friends of the Denver School of the Arts is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in November 1989, 37 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 June 2023, Friends of the Denver School of the Arts reported income of $915k and spending of $943k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $915k (-10.0%), an average of -2.6% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Friends of the Denver School of the Arts sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CO. Charities of a similar size with the same main cause include Idabel Museum Society Inc ($915k), Jazz Night School ($915k) and Haverhill Community TV ($915k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $87k (9.3% of expenses). Other salaries and wages came to $54k. At year end it held assets of $575k against liabilities of $26k, net assets of $549k. It reported 2 employees.