Develyn Education Foundation

Analysis

Develyn Education Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Develyn Education Foundation reported income of $167k and spending of $145k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $191k to $167k (-12%), an average of -3.2% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Develyn Education Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 46th percentile within CO. Charities of a similar size with the same main cause include New Bremen Athletic Boosters Inc ($167k), Next Generation Ministries ($167k) and Great Western Brotherhood ($167k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 21% of the total. Other salaries and wages came to $24k. At year end it held assets of $536k against liabilities of $38k, net assets of $498k.