Downtown Waltham Partnership

Analysis

Downtown Waltham Partnership is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Downtown Waltham Partnership reported income of $52k and spending of $62k, spending 120% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $74k to $52k (-30%), an average of -30% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 125% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Waltham Partnership sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Womans Club of Rye Inc ($52k), Hope Empowerment and Development Zone Incorporated ($52k) and Central Patrol Business Association ($52k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $42k against liabilities of $289, net assets of $42k.