Heart of Boardwalk

Analysis

Heart of Boardwalk is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Heart of Boardwalk reported income of $658k and spending of $807k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $735k to $658k (-10%), an average of -2.7% a year. The sharpest change came in the year to June 2023, when income dropped by 40%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heart of Boardwalk sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within CO. Charities of a similar size with the same main cause include Greater St Paul Day Care & Academy Inc ($658k), Straits Area Services Inc ($658k) and Gate City Day Nursery Association ($658k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $94k (12% of expenses). Other salaries and wages came to $451k. At year end it held assets of $514k against liabilities of $35k, net assets of $479k. It reported 24 employees.