Downtown Billings Bid Inc

Analysis

Downtown Billings Bid Inc is a registered charity in United States, based in Billings, MT. It received its IRS tax-exemption ruling in May 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 June 2023, Downtown Billings Bid Inc reported income of $810k and spending of $780k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $635k to $810k (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Billings Bid Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within MT. Charities of a similar size with the same main cause include Ryse Commons ($810k), Midwest Tribal Energy Resources Association Inc ($810k) and At Home Group Inc ($809k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $34k (4.3% of expenses). Other salaries and wages came to $250k. At year end it held assets of $744k against liabilities of $42k, net assets of $701k. It reported 16 employees.