Denver Family Institute Inc

Analysis

Denver Family Institute Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 1996, 30 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 August 2023, Denver Family Institute Inc reported income of $561k and spending of $579k, spending 103% of its income. Across the 6 years on record, from December 2018 to August 2023, income grew from $515k to $561k (+8.9%), an average of +1.7% a year. The sharpest change came in the year to August 2019, when income dropped by 35%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Denver Family Institute Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CO. Charities of a similar size with the same main cause include Coordinadora Morivivi Inc ($560k), Caring Hands Foundation Inc ($561k) and America World Adoption Association ($560k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 34% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $84k (14% of expenses). Other salaries and wages came to $149k. At year end it held assets of $224k against liabilities of $280k, net assets of -$56k. It reported 5 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.