Historic Denver Inc

Analysis

Historic Denver Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 1971, 55 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Historic Denver Inc reported income of $1.7m and spending of $1.9m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.7m (-21%), an average of -5.8% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Denver Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Ohio Academy of Science ($1.7m), Livenationorg Foundation ($1.7m) and Oyster Museum Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $143k (7.7% of expenses). Other salaries and wages came to $913k. At year end it held assets of $2.6m against liabilities of $639k, net assets of $2.0m. It reported 36 employees.