Mile High Workshop Inc

Analysis

Mile High Workshop Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover employment, 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 December 2023, Mile High Workshop Inc reported income of $2.0m and spending of $2.1m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to December 2023, income grew from $1.1m to $2.0m (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mile High Workshop Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Lower East Side District Management Corporation Inc ($2.0m), A L B a T Program Inc ($2.0m) and Christian Community Development Association ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $55k (2.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $582k against liabilities of $241k, net assets of $341k. It reported 59 employees.