Downtown State College Improvement District Inc

Analysis

Downtown State College Improvement District Inc is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in July 2002, 24 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 State College Improvement District Inc reported income of $770k and spending of $672k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $544k to $770k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown State College Improvement District 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 76th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Grant Community Club Inc ($770k), Idaho Falls Conference of the Society of St Vincent de Paul ($770k) and Pioneer Voc Indstrl Services Inc ($769k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $100k (15% of expenses). Other salaries and wages came to $125k. At year end it held assets of $776k against liabilities of $68k, net assets of $708k. It reported 8 employees.