Old Town Association

Analysis

Old Town Association is a registered charity in United States, based in Rock Hill, SC. It received its IRS tax-exemption ruling in March 2008, 18 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, Old Town Association reported income of $394k and spending of $447k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $729k to $394k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 253%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Old Town Association sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within SC. Charities of a similar size with the same main cause include Greater Grove Hall Main Streetscorp ($394k), Lake Area Citizens Advisory Board Inc ($394k) and GFWC Naples Womans Club Inc ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.