Denver Community Development Corporation

Analysis

Denver Community Development Corporation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Denver Community Development Corporation reported income of $430k and spending of $693k, spending 161% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $493k to $430k (-13%), an average of -3.4% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 123% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Denver Community Development Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Todos Santos Business Association Arts Foundation Inc ($429k), The 516 Project Inc ($430k) and East Brooklyn Churches Sponsoring Committee ($429k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $111k (16% of expenses). Other salaries and wages came to $28k. At year end it held assets of $2.8m against liabilities of $518k, net assets of $2.3m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.