Downtown Marion Inc

Analysis

Downtown Marion Inc is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in June 2017, 9 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 Marion Inc reported income of $150k and spending of $155k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $175k to $150k (-14%), an average of -14% a year. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Marion Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within OH. Charities of a similar size with the same main cause include Construction Industry Workers Charitable Foundation ($150k), The Freeland Center for Performing Arts Foundation Inc ($150k) and We Care at Anthem Inc ($150k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 0.4% of the total. At year end it held assets of $54k against liabilities of $101, net assets of $54k.