Denver Academy of Torah

Analysis

Denver Academy of Torah is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Denver Academy of Torah reported income of $5.1m and spending of $4.6m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $5.1m (+51%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Denver Academy of Torah sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Virtual Academy of Lafourche Inc ($5.1m), LA Academia-The Partnership Charter School ($5.1m) and Indigenous Educational Network of Turtle Island ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $131k (2.8% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.4m against liabilities of $80k, net assets of $4.3m. It reported 56 employees.