Atlantis Community Incorporated

Analysis

Atlantis Community Incorporated is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Atlantis Community Incorporated reported income of $1.4m and spending of $1.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.4m (-12%), an average of -3.1% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Atlantis Community Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within CO. Charities of a similar size with the same main cause include Hero Dogs Inc ($1.4m), Ucucc Child Care Programs ($1.4m) and Design Impact ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $101k (6.7% of expenses). Other salaries and wages came to $860k. At year end it held assets of $365k against liabilities of $157k, net assets of $208k. It reported 28 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.