Downtown Annapolis Partnership

Analysis

Downtown Annapolis Partnership is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in August 2009, 17 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 2023, Downtown Annapolis Partnership reported income of $333k and spending of $274k, spending 82% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $543k to $333k (-39%), an average of -22% a year. The sharpest change came in the year to June 2023, when income rose by 113%. 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 Annapolis Partnership sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Imperial Regional Alliance Inc ($332k), Rotary Club of Tucson Foundation ($333k) and South Carolina Association of Governmental Organizations ($332k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. At year end it held assets of $155k against liabilities of $0, net assets of $155k.