Downtown Westfield Neighborhoodassociation

Analysis

Downtown Westfield Neighborhoodassociation is a registered charity in United States, based in Westfield, IN. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Downtown Westfield Neighborhoodassociation reported income of $323k and spending of $311k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $323k (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Westfield Neighborhoodassociation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IN. Charities of a similar size with the same main cause include Junior League of Miami Inc ($323k), American Rental Association Foundation ($323k) and St Petersburg Saturday Morning Market Inc ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Other salaries and wages came to $54k. At year end it held assets of $231k against liabilities of $0, net assets of $231k.