Historic Downtown Chelanassociation

Analysis

Historic Downtown Chelanassociation is a registered charity in United States, based in Chelan, WA. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Historic Downtown Chelanassociation reported income of $297k and spending of $380k, spending 128% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $396k to $297k (-25%), an average of -13% a year. The sharpest change came in the year to December 2022, when income dropped by 27%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Downtown Chelanassociation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include Vanport Mosaic ($297k), Queen Annes County Art Council Inc ($297k) and Puget Sound Revels ($297k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $97k (26% of expenses). Other salaries and wages came to $56k. At year end it held assets of $311k against liabilities of $0, net assets of $311k. It reported 3 employees.