Bolivar Downtown Developmentcorporation

Analysis

Bolivar Downtown Developmentcorporation is a registered charity in United States, based in Bolivar, TN. It received its IRS tax-exemption ruling in August 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, Bolivar Downtown Developmentcorporation reported income of $1.0m and spending of $445k, leaving 56% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $975k to $1.0m (+4.5%), an average of +1.1% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 38% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bolivar Downtown Developmentcorporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Triform Camphill Community Foundati on ($1.0m), Mujeres de LA Tierra ($1.0m) and Pilsen Neighbors Community Council ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $75k. At year end it held assets of $2.4m against liabilities of $14k, net assets of $2.4m. It reported 8 employees.