Commun Denver Inc

Analysis

Commun Denver Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in January 2023, 3 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, Commun Denver Inc reported income of $2.3m and spending of $1.6m, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.7m to $2.3m (-14%), an average of -14% a year. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Commun Denver Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include United Way of Saginaw County ($2.3m), Metropolis Strategies NFP ($2.3m) and Hansen Foundation Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $142k (8.7% of expenses). Other salaries and wages came to $382k. At year end it held assets of $7.6m against liabilities of $5.0m, net assets of $2.6m. It reported 15 employees.