Great American Downtown Inc

Analysis

Great American Downtown Inc is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in July 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Great American Downtown Inc reported income of $214k and spending of $178k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $294k to $214k (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Great American Downtown Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within NH. Charities of a similar size with the same main cause include Value Culture ($214k), Miami Valley Youth Soccer Association Inc ($214k) and PTA California Congress of Parents Teachers & Students Inc ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $63k (35% of expenses). Other salaries and wages came to $1,717. At year end it held assets of $149k against liabilities of $6,457, net assets of $143k. It reported 3 employees.