Denver Rescue Mission

Analysis

Denver Rescue Mission is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in March 1931, 95 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Denver Rescue Mission reported income of $50.0m and spending of $49.3m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $42.2m to $50.0m (+19%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Denver Rescue Mission sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Lenbrook Square Foundation Inc ($49.9m), All Faiths Food Bank Inc ($50.0m) and Food Bank of Central New York ($49.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $436k (0.9% of expenses). Other salaries and wages came to $17.0m. It paid $552k in professional fundraising fees. At year end it held assets of $66.2m against liabilities of $8.1m, net assets of $58.1m. It reported 500 employees.