Downtown Rutland Partnership Inc

Analysis

Downtown Rutland Partnership Inc is a registered charity in United States, based in Rutland, VT. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Downtown Rutland Partnership Inc reported income of $302k and spending of $317k, spending 105% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $273k to $302k (+11%), an average of +2.0% a year. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Rutland Partnership Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 54th percentile within VT. Charities of a similar size with the same main cause include United States Postgresql Association ($302k), Womcy Corp ($302k) and Logan Community Developmentfoundation Inc ($302k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $40k (13% of expenses). Other salaries and wages came to $43k. At year end it held assets of $170k against liabilities of $50k, net assets of $120k. It reported 3 employees.