6th Avenue Corridor

Analysis

6th Avenue Corridor is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in June 2010, 16 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, 6th Avenue Corridor reported income of $112k and spending of $141k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $97k to $112k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 226%. 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, 6th Avenue Corridor sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within IA. Charities of a similar size with the same main cause include Community Consulting Teams Inc ($112k), Ceai Equity Fund Inc ($112k) and Hopkins Township Road Association ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Other salaries and wages came to $63k. At year end it held assets of $441k against liabilities of $53k, net assets of $388k. It reported 1 employees.