Destination Downtown Edenton Inc

Analysis

Destination Downtown Edenton Inc is a registered charity in United States, based in Edenton, NC. It received its IRS tax-exemption ruling in August 2005, 21 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, Destination Downtown Edenton Inc reported income of $122k and spending of $166k, spending 136% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income grew from $78k to $122k (+57%), an average of +57% a year. The sharpest change came in the year to June 2024, when income rose by 57%. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Destination Downtown Edenton Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Community Uplifting Alliance Project ($122k), Community Development Ventures Inc ($122k) and Alvin Sunrise Rotary Foundation ($122k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $51k against liabilities of $1,483, net assets of $50k.