Connect Downtown Johnson City

Analysis

Connect Downtown Johnson City is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Connect Downtown Johnson City reported income of $135k and spending of $86k, leaving 36% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $161k to $135k (-16%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Connect Downtown Johnson City sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within TN. Charities of a similar size with the same main cause include Clay Arts Guild of Helena ($135k), Pgcentral Foundation Inc ($135k) and Okc Good Inc ($135k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $105k against liabilities of $150, net assets of $105k.