Denver Academy Inc

Analysis

Denver Academy Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1976, 50 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Denver Academy Inc reported income of $19.5m and spending of $16.4m, spending 84% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $14.0m to $19.5m (+39%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Denver Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CO. Charities of a similar size with the same main cause include Academy of Basic Education Inc ($19.4m), Propel Charter School Sunrise ($19.5m) and Western Christian Schools ($19.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 9.0% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $510k (3.1% of expenses). Other salaries and wages came to $7.8m. At year end it held assets of $64.6m against liabilities of $9.3m, net assets of $55.3m. It reported 169 employees.