Klamath Falls Downtown Association

Analysis

Klamath Falls Downtown Association is a registered charity in United States, based in Klamath Falls, OR. It received its IRS tax-exemption ruling in May 2015, 11 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, Klamath Falls Downtown Association reported income of $224k and spending of $276k, spending 123% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $273k to $224k (-18%), an average of -9.3% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Klamath Falls Downtown Association sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within OR. Charities of a similar size with the same main cause include Rising Stars Foundation LLC ($224k), Jobs with Justice Education Fund ($224k) and Indiana Association of Public Education Foundations Incorporated ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $44k (16% of expenses). At year end it held assets of $145k against liabilities of $1,274, net assets of $144k. It reported 1 employees.