Downtown Revitalization and Improvement Volunteer Effort Inc

Analysis

Downtown Revitalization and Improvement Volunteer Effort Inc is a registered charity in United States, based in Newport, AR. 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 December 2023, Downtown Revitalization and Improvement Volunteer Effort Inc reported income of $466k and spending of $272k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $466k (+105%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Revitalization and Improvement Volunteer Effort Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within AR. Charities of a similar size with the same main cause include Civstart Corp ($466k), Arts Rochester Inc ($466k) and Main Street El Dorado ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $500k against liabilities of $0, net assets of $500k.