Discover Downtown Middlesboro Inc

Analysis

Discover Downtown Middlesboro Inc is a registered charity in United States, based in Middlesboro, KY. It received its IRS tax-exemption ruling in July 2026. 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 December 2021, Discover Downtown Middlesboro Inc reported income of $323k and spending of $264k, spending 82% of its income. Across the 4 years on record, from December 2018 to December 2021, income grew from $141k to $323k (+129%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 248%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Discover Downtown Middlesboro Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within KY. Charities of a similar size with the same main cause include American Rental Association Foundation ($323k), Spirit of Athens Alabama Inc ($323k) and Downtown Westfield Neighborhoodassociation ($323k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $27k. At year end it held assets of $184k against liabilities of $12k, net assets of $172k. It reported 1 employees.