Denver Public Schools Foundation

Analysis

Denver Public Schools Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Denver Public Schools Foundation reported income of $7.8m and spending of $9.2m, spending 118% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $7.7m to $7.8m (+1.0%), an average of +0.3% a year. The sharpest change came in the year to June 2024, when income rose by 26%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Denver Public Schools Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Wabash Valley Community Foundation Inc ($7.8m), The Madonna Foundation ($7.8m) and Foundation for Southeast Texas Inc ($7.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $424k (4.6% of expenses). Other salaries and wages came to $743k. At year end it held assets of $15.3m against liabilities of $4.3m, net assets of $10.9m. It reported 17 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.