Washington Street Community Center

Analysis

Washington Street Community Center is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in February 1970, 56 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Washington Street Community Center reported income of $542k and spending of $558k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $633k to $542k (-14%), an average of -5.0% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Washington Street Community Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include Lifes Plan Inc ($542k), Fort Smith Childrens Emergency Shelter Foundation ($542k) and Megiddo Dream Station ($542k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 29% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $64k (11% of expenses). Other salaries and wages came to $247k. At year end it held assets of $1.1m against liabilities of $18k, net assets of $1.1m. It reported 14 employees.