Denver Cultural Property Trust

Analysis

Denver Cultural Property Trust is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Denver Cultural Property Trust reported income of $436k and spending of $713k, spending 164% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $96k to $436k (+352%), an average of +113% a year. The sharpest change came in the year to December 2022, when income rose by 254%. Over the whole period it spent 197% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Denver Cultural Property Trust sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Community Main Street Inc ($436k), Lexington Community Radio Inc ($436k) and Point Hope Inc ($436k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $7.8m against liabilities of $8.7m, net assets of -$851k.

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.