London Downtown Inc

Analysis

London Downtown Inc is a registered charity in United States, based in London, KY. It received its IRS tax-exemption ruling in September 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, London Downtown Inc reported income of $82k and spending of $104k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $111k to $82k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 116% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, London Downtown Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within KY. Charities of a similar size with the same main cause include Camp Kiwanis on Pat Mayse Lake Inc ($82k), Fallon Food Hub ($82k) and Junior League of Norfolk-Virginia Beach Incorporated ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.