Nazareth Downtown Association Inc

Analysis

Nazareth Downtown Association Inc is a registered charity in United States, based in Nazareth, PA. It received its IRS tax-exemption ruling in March 2014, 12 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 September 2023, Nazareth Downtown Association Inc reported income of $74k and spending of $83k, spending 112% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income fell from $80k to $74k (-7.8%), an average of -7.8% a year. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nazareth Downtown Association Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within PA. Charities of a similar size with the same main cause include Lumberton Economic Advancement for Downtown Inc ($74k), Exchange Club of Kiawah-Seabrook Foundation ($74k) and Ft Squared CDC ($74k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.