Downtown Arlington Management Corporation

Analysis

Downtown Arlington Management Corporation is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in November 2007, 19 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 September 2023, Downtown Arlington Management Corporation reported income of $745k and spending of $761k, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $510k to $745k (+46%), an average of +9.9% a year. The sharpest change came in the year to September 2022, when income rose by 35%. 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, Downtown Arlington Management Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include City Impact ($745k), Alleghany Cares Inc ($745k) and Downtown Lynchburg Association ($744k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $146k (19% of expenses). Other salaries and wages came to $72k. At year end it held assets of $371k against liabilities of $96k, net assets of $275k. It reported 10 employees.