Downtown Chambersburg Inc

Analysis

Downtown Chambersburg Inc is a registered charity in United States, based in Chambersburg, PA. It received its IRS tax-exemption ruling in February 1992, 34 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 December 2023, Downtown Chambersburg Inc reported income of $704k and spending of $209k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $111k to $704k (+533%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 311%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Chambersburg Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Ceramic Tile Education Foundation ($704k), Queens County Chamber of Commerce Foundation Inc ($704k) and Indiana Association for Community Economic Development Inc ($703k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 10% of the total. At year end it held assets of $774k against liabilities of $107k, net assets of $667k.