Art Students League of Denver

Analysis

Art Students League of Denver is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 1992, 34 years ago. 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 August 2024, Art Students League of Denver reported income of $2.6m and spending of $2.7m, spending 104% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $1.5m to $2.6m (+79%), an average of +16% a year. The sharpest change came in the year to August 2022, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art Students League of Denver sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Pacific Gateway Center ($2.6m), Montessori School for Shreveport ($2.6m) and Aid for Women Inc ($2.6m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 40% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $190k (7.0% of expenses). Other salaries and wages came to $1.3m. It paid $18k in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $377k, net assets of $1.7m. It reported 195 employees.