Downcity Design

Analysis

Downcity Design is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Downcity Design reported income of $1.1m and spending of $453k, leaving 57% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $566k to $1.1m (+87%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 61% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Downcity Design sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within RI. Charities of a similar size with the same main cause include Franklin Vanguard ($1.1m), Wise Readers to Leaders ($1.1m) and Camp Ozark Foundation Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $74k (16% of expenses). Other salaries and wages came to $251k. At year end it held assets of $2.1m against liabilities of $254k, net assets of $1.9m. It reported 13 employees.