Denver Turnverein Inc

Analysis

Denver Turnverein Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 2017, 9 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 April 2024, Denver Turnverein Inc reported income of $422k and spending of $410k, spending 97% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $317k to $422k (+33%), an average of +7.5% a year. The sharpest change came in the year to April 2022, when income rose by 155%. Over the whole period it spent 98% 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 Turnverein Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Kodiak Historical Society ($422k), Little Theatre of Shreveport ($423k) and Gujarati Samaj of New York Inc ($422k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 27% and program service revenue 73% of the total. Other salaries and wages came to $131k. At year end it held assets of $563k against liabilities of $98k, net assets of $465k. It reported 9 employees.