Denverworks

Analysis

Denverworks is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, Denverworks reported income of $4.9m and spending of $6.3m, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $4.9m (+334%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 128%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Denverworks sits at the 92nd percentile: it is larger than about 92% 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 Center for Economic Democracy ($4.9m), Buffalo Niagara Convention Center Management Corporation ($4.9m) and Maryland Manufacturing Service Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $160k (2.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $1.7m against liabilities of $1.2m, net assets of $548k. It reported 120 employees.