Downtown Arts District Inc

Analysis

Downtown Arts District Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Downtown Arts District Inc reported income of $1.3m and spending of $868k, leaving 32% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $874k to $1.3m (+46%), an average of +9.9% a year. The sharpest change came in the year to September 2023, when income rose by 56%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown Arts District Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within FL. Charities of a similar size with the same main cause include Worldwide Indigenous Science Network ($1.3m), Blissfest Music Organization ($1.3m) and Five Points Center for the Visual Arts Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 6.2% of the total. Compensation of current officers, directors and key employees was $64k (7.4% of expenses). Other salaries and wages came to $222k. At year end it held assets of $781k against liabilities of $3,959, net assets of $777k. It reported 3 employees.