Deanwood Heights Main Streets Incorporated

Analysis

Deanwood Heights Main Streets Incorporated is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 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 December 2022, Deanwood Heights Main Streets Incorporated reported income of $446k and spending of $516k, spending 116% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $489k to $446k (-8.8%), an average of -3.0% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Deanwood Heights Main Streets Incorporated sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 41st percentile within DC. Charities of a similar size with the same main cause include Mitchell Area Development Corporation ($446k), Both Sides of the Conversation ($446k) and Downtown Lees Summit Main Street Inc ($446k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $59k (11% of expenses). Other salaries and wages came to $57k. At year end it held assets of -$3,125 against liabilities of $112k, net assets of -$115k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.