Denver Regional Capital Corporation
Denver Regional Capital Corporation consistently reports minimal expenses despite growing assets and revenue, raising questions about operational transparency.
EIN: 203395478 · Denver, CO · NTEE: S30 · Updated: 2026-03-28
Is Denver Regional Capital Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Denver Regional Capital Corporation
Denver Regional Capital Corporation (EIN: 203395478) is a nonprofit organization based in Denver, CO, classified under NTEE code S30. The organization reported total revenue of $557K and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Denver Regional Capital Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Denver Regional Capital Corporation is a small nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $331K |
| Total Expenses | $0 |
| Surplus / Deficit | +$331K |
| Total Assets | $3.7M |
| Net Assets | $3.7M |
| Operating Margin | 100.0% |
Financial Health Grade: A
In 2023, Denver Regional Capital Corporation reported a surplus of $331K with revenue exceeding expenses.
Financial Trends
Over 14 years of filings (2010–2023), Denver Regional Capital Corporation's revenue has declined at a compound annual growth rate (CAGR) of -3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +68.0% | — | +9.9% |
| 2022 | -11.7% | -100.0% | +6.3% |
| 2021 | -53.2% | +312537.5% | +6.8% |
| 2020 | +174.7% | +100.0% | +19.4% |
| 2019 | +995.6% | -100.0% | +7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Denver Regional Capital Corporation with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Denver Regional Capital Corporation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees are receiving compensation directly from the organization, which is highly unusual for an entity with growing assets and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Denver Regional Capital Corporation's IRS 990 filings:
- Consistent reporting of $0 or negligible expenses across multiple years (e.g., 2023, 2022, 2020, 2019) despite significant revenue and assets.
- Lack of clarity on how the organization's mission is being fulfilled without reported operational spending.
- Inability to assess spending efficiency due to absent expense data.
- Unusual financial structure with growing assets and revenue but no reported liabilities and minimal expenses.
Strengths
The following positive indicators were identified for Denver Regional Capital Corporation:
- Consistent asset growth, from $2,067,790 in 2014 to $3,662,955 in 2023.
- No reported liabilities across all available filings, indicating strong balance sheet health.
- 0% officer compensation reported, suggesting no direct executive pay from the organization.
- Consistent revenue generation, with latest reported revenue at $331,338 in 2023.
Frequently Asked Questions about Denver Regional Capital Corporation
Is Denver Regional Capital Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Denver Regional Capital Corporation (EIN: 203395478) significant concerns. Mission Score: 20/100. 4 red flags identified, 4 strengths noted.
How does Denver Regional Capital Corporation spend its money?
Detailed spending breakdown data is not yet available for Denver Regional Capital Corporation. Check back for updated IRS 990 analysis.
Are donations to Denver Regional Capital Corporation tax-deductible?
Denver Regional Capital Corporation is registered as a tax-exempt nonprofit (EIN: 203395478). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Denver Regional Capital Corporation operate with consistently $0 or negligible reported expenses?
The IRS 990 filings for multiple periods (e.g., 2023, 2022, 2020) show $0 in expenses, which is highly unusual for an active organization. This suggests either a unique operational model where expenses are covered by another entity, or a reporting discrepancy that needs clarification.
What programs or services does the organization provide given its minimal reported spending?
With expenses consistently reported at or near zero, it is unclear how the organization is actively delivering on its NTEE code S30 mission (Community Development Financial Institutions). The filings do not provide sufficient detail to understand program activities.
How does the organization manage to grow its assets from $2.0M to $3.6M without significant operational costs?
The organization's assets have grown significantly, from $2,067,790 in 2014 to $3,662,955 in 2023, while reporting minimal expenses. This could indicate that its primary activity is capital accumulation or investment, rather than direct program spending, or that expenses are being absorbed by a related entity.
Is the organization's financial reporting fully transparent regarding its operational activities?
The consistent reporting of $0 or negligible expenses, despite substantial revenue and asset growth, significantly limits transparency regarding the organization's actual operational activities and how funds are being utilized to achieve its mission.
Filing History
IRS 990 filing history for Denver Regional Capital Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Denver Regional Capital Corporation's revenue has declined by 39.2%, moving from $545K to $331K. Total assets increased by 507.1% over the same period, from $603K to $3.7M. Total functional expenses fell by 100%, from $359K to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $331K | $0 | $3.7M | $0 | — | — |
| 2022 | $197K | $0 | $3.3M | $0 | — | View 990 |
| 2021 | $223K | $25K | $3.1M | $0 | — | View 990 |
| 2020 | $477K | $8 | $2.9M | $0 | — | — |
| 2019 | $174K | $4 | $2.5M | $0 | — | View 990 |
| 2018 | $16K | $17K | $2.3M | $0 | — | View 990 |
| 2017 | $333K | $30K | $2.3M | $0 | — | View 990 |
| 2016 | $36K | $196 | $2.0M | $0 | — | View 990 |
| 2015 | $15K | $137K | $1.9M | $0 | — | View 990 |
| 2014 | $370K | $38 | $2.1M | $0 | — | View 990 |
| 2013 | $247K | $42 | $1.7M | $0 | — | View 990 |
| 2012 | $169K | $246 | $1.5M | $0 | — | View 990 |
| 2011 | $152K | $173 | $1.3M | $0 | — | View 990 |
| 2010 | $545K | $359K | $603K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $331K, expenses of $0, and assets of $3.7M (revenue +68.0% year-over-year).
- 2022: Revenue of $197K, expenses of $0, and assets of $3.3M (revenue -11.7% year-over-year).
- 2021: Revenue of $223K, expenses of $25K, and assets of $3.1M (revenue -53.2% year-over-year).
- 2020: Revenue of $477K, expenses of $8, and assets of $2.9M (revenue +174.7% year-over-year).
- 2019: Revenue of $174K, expenses of $4, and assets of $2.5M (revenue +995.6% year-over-year).
- 2018: Revenue of $16K, expenses of $17K, and assets of $2.3M (revenue -95.2% year-over-year).
- 2017: Revenue of $333K, expenses of $30K, and assets of $2.3M (revenue +818.1% year-over-year).
- 2016: Revenue of $36K, expenses of $196, and assets of $2.0M (revenue +135.7% year-over-year).
- 2015: Revenue of $15K, expenses of $137K, and assets of $1.9M (revenue -95.8% year-over-year).
- 2014: Revenue of $370K, expenses of $38, and assets of $2.1M (revenue +49.6% year-over-year).
- 2013: Revenue of $247K, expenses of $42, and assets of $1.7M (revenue +45.9% year-over-year).
- 2012: Revenue of $169K, expenses of $246, and assets of $1.5M (revenue +11.1% year-over-year).
- 2011: Revenue of $152K, expenses of $173, and assets of $1.3M (revenue -72.0% year-over-year).
- 2010: Revenue of $545K, expenses of $359K, and assets of $603K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Denver Regional Capital Corporation:
Data Sources and Methodology
This transparency report for Denver Regional Capital Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.