Downcity Partnership Inc

Analysis

Downcity Partnership Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Downcity Partnership Inc reported income of $155k and spending of $256k, spending 165% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $78k to $155k (+99%), an average of +15% a year. The sharpest change came in the year to December 2019, when income rose by 250%. Over the whole period it spent 480% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Downcity Partnership Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 44th percentile within RI. Charities of a similar size with the same main cause include National Christian Charitable Foundation Inc ($155k), Simi Sunset Rotary Foundation ($155k) and Chase Brexton Realty Inc ($155k).

At year end it held assets of $2.8m against liabilities of $7,141, net assets of $2.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.