Downtown Vision Alliance Inc

Analysis

Downtown Vision Alliance Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in April 2013, 13 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Downtown Vision Alliance Inc reported income of $1.3m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $225k to $1.3m (+491%), an average of +56% a year. The sharpest change came in the year to September 2021, when income rose by 219%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Vision Alliance Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include The Legacy Center Community Development Corporation ($1.3m), Avenida Guadalupe Association ($1.3m) and Rightfully Sewn Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 23% of the total. At year end it held assets of $278k against liabilities of $78k, net assets of $200k.