Downstreet Housing & Community Development Inc

Analysis

Downstreet Housing & Community Development Inc is a registered charity in United States, based in Barre, VT. It received its IRS tax-exemption ruling in September 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Downstreet Housing & Community Development Inc reported income of $6.7m and spending of $5.5m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $6.7m (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Downstreet Housing & Community Development Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within VT. Charities of a similar size with the same main cause include Arizona Housing Inc ($6.7m), Volunteers of Victoria Inc ($6.7m) and Tenemos Que Reclamar Y Unidos Salvar LA Tierra-South LA ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $139k (2.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $18.7m against liabilities of $3.8m, net assets of $15.0m. It reported 37 employees.