Downtown Dunn Development Corporation

Analysis

Downtown Dunn Development Corporation is a registered charity in United States, based in Dunn, NC. It received its IRS tax-exemption ruling in June 2010, 16 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 2024, Downtown Dunn Development Corporation reported income of $427k and spending of $163k, leaving 62% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income fell from $550k to $427k (-22%), an average of -8.1% a year. The sharpest change came in the year to June 2023, when income rose by 114%. Over the whole period it spent 31% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Dunn Development Corporation sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within NC. Charities of a similar size with the same main cause include The Urban Outreach Center of New York City Inc ($427k), Addison County Relocalization Network Inc ($427k) and Womens Impact Alliance ($427k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 19% of the total. At year end it held assets of $1.0m against liabilities of $1,033, net assets of $1.0m.