Arc of Denver Inc

Analysis

Arc of Denver Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 1961, 65 years ago. 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, Arc of Denver Inc reported income of $1.9m and spending of $1.2m, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arc of Denver Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Massachusetts Adoption Resource Exchange Inc ($1.9m), Ashland Supportive Housing and Community Outreach Inc ($1.9m) and Quest Farm Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $107k (9.2% of expenses). Other salaries and wages came to $637k. At year end it held assets of $3.9m against liabilities of $282k, net assets of $3.6m. It reported 15 employees.