Denver Foundation

Analysis

Denver Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 1943, 83 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 December 2023, Denver Foundation reported income of $108.7m and spending of $157.4m, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $146.3m to $108.7m (-26%), an average of -7.1% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 73% 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 Foundation 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 99th percentile, and in the 100th percentile within CO. Charities of a similar size with the same main cause include Maine Community Foundation Inc ($108.7m), Community FDN of Greater Des Moines ($109.1m) and United Way of King County ($108.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $1.2m (0.8% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $1.22bn against liabilities of $124.2m, net assets of $1.09bn. It reported 63 employees.