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Arts, Culture & Humanities · 2023 Form 990

Denver Art Museum Inc: $44.7M Revenue, $53.1M Expenses

Denver, Colorado · EIN 846038240 · Filing year 2023

Denver Art Museum Inc reported $44.7M in total revenue, $53.1M in total expenses, and $194.6M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $1.1M (2.50% of revenue). NonprofitTruth efficiency grade: D (37/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
D
Efficiency Score
37/100

Key Facts (2023 Form 990)

Total Revenue
$44.7M
Total Expenses
$53.1M
Total Assets
$194.6M
Reserve Months
44.0 months
Surplus / (Deficit)
$-8,377,861
EIN
846038240
Latest 990 Year
2023
Current-Officer Compensation
$1.1M
Officer Comp % of Revenue
2.50%

Denver Art Museum Inc pulls a D on the efficiency rubric. The composite of 37/100 reflects below-median performance on the bundle of factors — typically driven by thin operating reserves, volatile revenue, or outsized officer compensation relative to organizational size.

Denver Art Museum Inc reported $44.7M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. On the financial-health factor, Denver Art Museum Inc runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.

Revenue has declined meaningfully over the five-year filing window — a pattern that warrants attention to underlying funding sustainability. Denver Art Museum Inc's 2023 revenue is materially below its earlier filings. Compensation for current officers and key employees runs $1.1M against $44.7M in revenue — within the band third-party charity raters typically consider reasonable for an organization of this size and complexity. This is an aggregate across all listed officers, not a single executive's salary. Denver Art Museum Inc sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.


$44.7M
Revenue
$53.1M
Expenses
$194.6M
Total Assets
$1.1M
Officer Compensation

How Denver Art Museum Inc Compares

Denver Art Museum Inc earns a NonprofitTruth efficiency grade of D (37/100). That is 19 points below the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 2.50% of total revenue. The organization holds 44.0 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$53.1M
Total Expenses
Filing year 2023
$1.1M
Officer Compensation
2.50% of revenue
44.0 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Denver Art Museum Inc reported $44.7M in revenue against $53.1M in total functional expenses for filing year 2023, holding roughly 44.0 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $1.1M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 2.50% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Denver Art Museum Inc has a NonprofitTruth Efficiency Score of D (37/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Denver Art Museum Inc, Donor FAQ

Denver Art Museum Inc has a NonprofitTruth Efficiency Score of D (37/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Denver Art Museum Inc reports $1.1M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 2.50% of the organization's $44.7M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Denver Art Museum Inc reported $44.7M in annual revenue and $53.1M in total expenses for filing year 2023. The organization holds $194.6M in total assets.

Denver Art Museum Inc holds approximately 44.0 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its D efficiency grade.

Denver Art Museum Inc is a registered 501(c) organization with EIN 846038240, based in Denver, Colorado. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.