501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 10 volunteers.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $261K a year · 10% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $406K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$254K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.4M
+69% vs prior year
Spent
$4.9M
To programs
95%
Net assets
$580K
By yearFY2023–FY2024
Revenue
$3.4M
FY2024▲ +69%
Tap a bar for its year
Revenue by fiscal year
FY2023$2.0M
FY2024$3.4M
Expenses
$4.9M
FY2024▲ ×485293
Tap a bar for its year
Expenses by fiscal year
FY2023$10
FY2024$4.9M
Net assets
$580K
FY2024▼ -72%
Tap a bar for its year
Net assets by fiscal year
FY2023$2.1M
FY2024$580K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $4.6M Management & general 4% · $200K Fundraising 1% · $54K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Board Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Denver Basic Income Project executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Denver Basic Income Project is a human services nonprofit based in Denver, CO.

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Provided by the organization

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1 program · $4.6M · in their own filed words · FY2024
01

The project was under the fiscal sponsorship of Impact Charitable in 2023. Denver Basic Income Project registered the independent 501(c)(3) in 2023 but did not start operating the project until 2024.

$4.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 10 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Gifts and grantsLn 1h$3.4M
Fees for servicesLn 2g$17K
Investment incomeLn 3$5K
Money outPt IX
$4.9M
Ln 25
Programscol B$4.6M
Managementcol C$200K
Fundraisingcol D$54K
Owns and owesPt X
$580K
net assets · Ln 32
Cash and savingsLn 1–2$768K
Total assetsLn 16$835K
LiabilitiesLn 26$254K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Government grantsLn 1e$2.0M
Fees for servicesLn 2g$17K
Investment incomeLn 3$5K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$95K
SavingsLn 2$673K
Cash and savings togetherLn 1–2$768K
Total assetsLn 16$835K
LiabilitiesLn 26$254K
Net assetsLn 32$580K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$85K$768K
Total assetsLn 16$2.2M$835K
LiabilitiesLn 26$104K$254K
Net assetsLn 32$2.1M$580K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$168K$84K$71K$13K
Other employee benefitsLn 9$92K$92K
Payroll taxesLn 10$32K$16K$13K$3K
Management feesLn 11a$21$21
Legal feesLn 11b$2K$836$702$134
Accounting feesLn 11c$68K$68K
Other fees for servicesLn 11g$160K$99K$28K$33K
Advertising and promotionLn 12$9K$6K$2K$2K
Office expensesLn 13$6K$1K$5K$138
Information technologyLn 14$142K$141K$289$125
OccupancyLn 16$231K$231K
TravelLn 17$16K$6K$7K$3K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$3.9M$3.9M
Total functional expensesLn 25$4.9M$4.6M$200K$54K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.4M$4.9M−$1.5M$580K 990 PDF
FY2023 $2.0M$10$2.0M$2.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,374,317 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,000,000$3,352,515
I-9 Program service revenue$16,750
I-10 Investment income$5,052
I-11 Other revenue$0
I-12 Total revenuePrior year $2,000,000$3,374,317
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$291,800
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $10$4,561,132
I-18 Total expensesPrior year $10$4,852,932
I-19 Revenue less expensesPrior year $1,999,990−$1,478,615
Part VI · Governance 11 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,374,317 across 7 lines filed
VIII-1e Government grants$2,000,000
VIII-1f All other contributions, gifts and grants$1,352,515
VIII-1h Total contributions, gifts and grants$3,352,515
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,750$16,750
VIII-3 Investment incomeRelated to mission $5,052$5,052
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $21,802 · Unrelated business $0 · Excluded from tax $0$3,374,317
Part IX · Statement of functional expenses $4,852,932 across 14 lines filed
IX-7 Other salaries and wagesPrograms $83,988 · Management $70,550 · Fundraising $13,438$167,976
IX-9 Other employee benefitsPrograms $92,302$92,302
IX-10 Payroll taxesPrograms $15,761 · Management $13,239 · Fundraising $2,522$31,522
IX-11a Management feesManagement $21$21
IX-11b Legal feesPrograms $836 · Management $702 · Fundraising $134$1,672
IX-11c Accounting feesManagement $68,009$68,009
IX-11g Other fees for servicesPrograms $99,062 · Management $27,541 · Fundraising $33,246$159,849
IX-12 Advertising and promotionPrograms $5,741 · Management $1,934 · Fundraising $1,766$9,441
IX-13 Office expensesPrograms $1,025 · Management $5,099 · Fundraising $138$6,262
IX-14 Information technologyPrograms $141,454 · Management $289 · Fundraising $125$141,868
IX-16 OccupancyPrograms $231,052$231,052
IX-17 TravelPrograms $6,326 · Management $6,586 · Fundraising $3,117$16,029
IX-23 InsuranceManagement $5,997$5,997
IX-24 Other expenses (24a–d)Programs $3,920,932$3,920,932
IX-25 Total functional expensesPrograms $4,598,479 · Management $199,967 · Fundraising $54,486$4,852,932
Part X · Balance sheet $834,708 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $84,891$95,027
X-2 Savings and temporary cash investments$672,931
X-4 Accounts receivableStart of year $2,000,000$6,278
X-9 Prepaid expenses and deferred chargesStart of year $78,688$60,472
X-16 Total assetsStart of year $2,163,579$834,708
X-17 Accounts payable and accrued expensesStart of year $5,485$46,480
X-19 Deferred revenue$207,750
X-26 Total liabilitiesStart of year $104,485$254,230
X-27 Net assets without donor restrictionsStart of year $2,059,094$580,478
X-32 Total net assets or fund balancesStart of year $2,059,094$580,478
X-33 Total liabilities and net assetsStart of year $2,163,579$834,708
Part XI · Reconciliation of net assets $580,478 net assets at year end
XI-1 Total revenue$3,374,317
XI-2 Total expenses$4,852,932
XI-3 Revenue less expenses−$1,478,615
XI-4 Net assets at start of year$2,059,094
XI-8 Prior period adjustments−$1
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$580,478

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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