Downtown Bradford Revitalization Corporation

Analysis

Downtown Bradford Revitalization Corporation is a registered charity in United States, based in Bradford, PA. It received its IRS tax-exemption ruling in September 1986, 40 years ago. 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, Downtown Bradford Revitalization Corporation reported income of $332k and spending of $376k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $313k to $332k (+6.1%), an average of +1.5% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Downtown Bradford Revitalization Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include American Water Works Association ($332k), Camino Verde Inc ($332k) and Lake Court House Foundation Inc ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.5% of the total. At year end it held assets of $172k against liabilities of $73k, net assets of $99k.