The Delores Project
The Delores Project shows strong asset growth and no reported officer compensation, despite a recent operating deficit.
EIN: 201122039 · Denver, CO · NTEE: L41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $3.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2.9M |
| Net Assets | $2.7M |
| Transparency Score | 90/100 |
Is The Delores Project Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Delores Project directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Delores Project
The Delores Project (EIN: 201122039) is a nonprofit organization based in Denver, CO, classified under NTEE code L41. The organization reported total revenue of $4.4M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Delores Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Delores Project is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $3.3M |
| Surplus / Deficit | $-364,341 |
| Total Assets | $2.8M |
| Total Liabilities | $99K |
| Net Assets | $2.7M |
| Operating Margin | -12.5% |
| Debt-to-Asset Ratio | 3.5% |
| Months of Reserves | 10.3 months |
Financial Health Grade: B
In 2023, The Delores Project reported a deficit of $364K with expenses exceeding revenue, holds 10.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Delores Project's revenue has grown at a compound annual growth rate (CAGR) of 18.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.7% | +10.2% | -9.0% |
| 2022 | +4.5% | +19.5% | +0.7% |
| 2021 | +30.3% | +39.4% | +25.8% |
| 2020 | +43.6% | +16.9% | +66.9% |
| 2019 | -3.4% | +19.8% | +14.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 The Delores Project with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Delores Project allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $364K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.5%.
Executive Compensation Analysis
The Delores Project consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size ($2.9M revenue in 2023) and suggests either a volunteer-led executive team or compensation structured in a way not reported as officer compensation on the 990.
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 The Delores Project's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could mask executive compensation if structured differently.
- Operating deficit in 2023 ($364,341), where expenses exceeded revenue.
Strengths
The following positive indicators were identified for The Delores Project:
- Strong asset growth, nearly doubling from $1.46M in 2019 to $2.81M in 2023.
- Consistent revenue growth over the past decade, indicating increasing support and capacity.
- Long and consistent IRS 990 filing history, demonstrating transparency and accountability.
- Low liabilities relative to assets, indicating good financial health (e.g., $99,154 liabilities vs. $2,805,010 assets in 2023).
Frequently Asked Questions about The Delores Project
Is The Delores Project a legitimate charity?
The Delores Project (EIN: 201122039) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.4M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does The Delores Project spend its money?
The Delores Project directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Delores Project tax-deductible?
The Delores Project is registered as a tax-exempt nonprofit (EIN: 201122039). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Delores Project CEO make?
The Delores Project's highest-compensated officer earns $2.9M annually. The organization reported $4.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Delores Project's spending goes to programs?
The Delores Project directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Delores Project compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Delores Project is above average for NTEE category L41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Delores Project located?
The Delores Project is headquartered in Denver, Colorado and files with the IRS under EIN 201122039. It is classified under NTEE code L41.
How many years of IRS 990 filings does The Delores Project have?
The Delores Project has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.4M in total revenue.
How does The Delores Project sustain its operations with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests that executive leadership may be volunteer-based, compensated through a related entity, or that compensation is categorized differently on the 990. Further investigation into their compensation practices would be beneficial.
What caused the operating deficit in 2023?
In 2023, The Delores Project reported expenses of $3,271,321 against revenues of $2,906,980, resulting in a deficit of $364,341. This could be due to increased program delivery, one-time capital expenditures, or a temporary dip in funding. Given prior years' surpluses, it may indicate strategic spending of accumulated reserves.
Is the organization's asset growth sustainable?
The organization's assets have grown significantly from $1,459,302 in 2019 to $2,805,010 in 2023. This growth, alongside generally increasing revenues, suggests a healthy financial trajectory and capacity to invest in its mission, indicating sustainability.
Filing History
IRS 990 filing history for The Delores Project showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Delores Project's revenue has grown by 695.5%, moving from $365K to $2.9M. Total assets increased by 73.1% over the same period, from $1.6M to $2.8M. Total functional expenses rose by 664.4%, from $428K to $3.3M. In its most recent filing year (2023), The Delores Project reported a deficit of $364K, with expenses exceeding revenue. The organization holds $99K in liabilities against $2.8M in assets (debt-to-asset ratio: 3.5%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $3.3M | $2.8M | $99K | — | View 990 |
| 2022 | $3.4M | $3.0M | $3.1M | $79K | — | View 990 |
| 2021 | $3.2M | $2.5M | $3.1M | $171K | — | View 990 |
| 2020 | $2.5M | $1.8M | $2.4M | $342K | — | View 990 |
| 2019 | $1.7M | $1.5M | $1.5M | $60K | — | View 990 |
| 2018 | $1.8M | $1.3M | $1.3M | $78K | — | View 990 |
| 2017 | $321K | $1.2M | $732K | $46K | — | View 990 |
| 2016 | $1.1M | $1.1M | $1.6M | $25K | — | View 990 |
| 2015 | $871K | $947K | $1.6M | $38K | — | View 990 |
| 2014 | $743K | $730K | $1.7M | $41K | — | View 990 |
| 2013 | $680K | $681K | $1.6M | $35K | — | View 990 |
| 2012 | $724K | $773K | $1.6M | $84K | — | View 990 |
| 2011 | $365K | $428K | $1.6M | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $3.3M, and assets of $2.8M (revenue -13.7% year-over-year).
- 2022: Revenue of $3.4M, expenses of $3.0M, and assets of $3.1M (revenue +4.5% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.5M, and assets of $3.1M (revenue +30.3% year-over-year).
- 2020: Revenue of $2.5M, expenses of $1.8M, and assets of $2.4M (revenue +43.6% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.5M, and assets of $1.5M (revenue -3.4% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.3M, and assets of $1.3M (revenue +455.7% year-over-year).
- 2017: Revenue of $321K, expenses of $1.2M, and assets of $732K (revenue -70.6% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $1.6M (revenue +25.6% year-over-year).
- 2015: Revenue of $871K, expenses of $947K, and assets of $1.6M (revenue +17.1% year-over-year).
- 2014: Revenue of $743K, expenses of $730K, and assets of $1.7M (revenue +9.3% year-over-year).
- 2013: Revenue of $680K, expenses of $681K, and assets of $1.6M (revenue -6.1% year-over-year).
- 2012: Revenue of $724K, expenses of $773K, and assets of $1.6M (revenue +98.2% year-over-year).
- 2011: Revenue of $365K, expenses of $428K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Delores Project:
Data Sources and Methodology
This transparency report for The Delores Project 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.