Chapel Hill Downtown Partnership Inc

Analysis

Chapel Hill Downtown Partnership Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in June 2006, 20 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 2023, Chapel Hill Downtown Partnership Inc reported income of $821k and spending of $777k, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $634k to $821k (+30%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Chapel Hill Downtown Partnership Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Bright Star Scanning Services Corp ($821k), Webster Area Development Corporation Inc ($821k) and East Texas Speakers Forum ($819k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $90k (12% of expenses). Other salaries and wages came to $187k. At year end it held assets of $403k against liabilities of $73k, net assets of $330k. It reported 7 employees.