Downtown Toledo Improvement District

Analysis

Downtown Toledo Improvement District is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in December 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 Toledo Improvement District reported income of $1.0m and spending of $950k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $643k to $1.0m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Toledo Improvement District sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within OH. Charities of a similar size with the same main cause include Better Business Bureau of Central California Foundation ($1.0m), Sweet Grass Community Foundation ($1.0m) and Community Service Solutions ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $932k against liabilities of $0, net assets of $932k.