Dry Bones Denver

Overview

Mission

Dry Bones Denver exists to empower youth experiencing homelessness to make choices that lead to a life of stability and hope.

What it reported doing in 2025

To employ and provide job training to homeless young adults who are working to exit homelessness through our coffee roasting and coffee shop businesses. We employ 3-5 homeless young adults, who work 20-30 hours per week over a 12 month period. Our job training and mentoring curriculum focuses on transferrable job skills, life and coping skills, and individual support. Employees are paid a working wage and develop workplace skills like problem solving, communication, and processes. This program was discontinued on 02/28/2025.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
460471517
IRS 990 coverage
2011–2025
Official website data refreshed
Sep 2026
Forms available
Form 990 2025
Headquarters
Denver, CO, USA
Phone
303-862-4877
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Homeless Shelters

Official website

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 86
  • Accountability: 69
  • Sustainability: 55
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.2%; rating input score 71
  • Program expense ratio: 89.5%; rating input score 89
  • Fundraising efficiency: $37.88 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 25th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 28th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 16.6%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 0.89; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 7%; rating input score 45; 45th percentile among comparable filings

Growth

  • Program expense growth: 13.3% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 8.7% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 14.4% per year; rating input score 100; 66th percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 71.2% of revenue deployed · 89.5% of spending went to programs
  • Governance: 10 of 11 board members independent · 3 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $911K in reported program spending
  • Leadership: top reported pay $65K · 11 people listed
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 14 annual filings from 2011 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

11 people listed

Highest reported compensation

  • Katherine Wallace (Secretary): $65,400 total reported compensation
  • Julie Pike (Director): $6,140 total reported compensation

Source: IRS Form 990. Selected filing: FY2025.