Urban Peak Denver

Analysis

Urban Peak Denver is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Urban Peak Denver reported income of $38.4m and spending of $12.8m, leaving 67% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.6m to $38.4m (+580%), an average of +62% a year. The sharpest change came in the year to September 2023, when income rose by 191%. Over the whole period it spent 57% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Urban Peak Denver sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Satellite Affordable Housing Associates ($38.3m), Travaux Inc ($38.4m) and Covenant Living at Windsor Park ($38.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $1.0m (8.1% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $57.4m against liabilities of $20.6m, net assets of $36.8m. It reported 144 employees.