Downtown San Angelo Inc

Analysis

Downtown San Angelo Inc is a registered charity in United States, based in San Angelo, TX. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Downtown San Angelo Inc reported income of $286k and spending of $226k, leaving 21% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $265k to $286k (+8.0%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown San Angelo Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Twin Cities Ballet Company ($286k), Center for Architecture and Design ($286k) and Chaldean Community Cultural Center ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $112k (50% of expenses). At year end it held assets of $384k against liabilities of $2,322, net assets of $382k. It reported 3 employees.