Denver Brass Inc

Analysis

Denver Brass Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Denver Brass Inc reported income of $612k and spending of $637k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $655k to $612k (-6.6%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Denver Brass Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CO. Charities of a similar size with the same main cause include Illinois Elks Association Charitable Trust ($611k), American Leadership Forum of Oregon ($612k) and Dalton-Whitfield County Hospital Authority Liability Claims Trust ($611k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $91k (14% of expenses). Other salaries and wages came to $86k. At year end it held assets of $810k against liabilities of $31k, net assets of $779k. It reported 4 employees.