Harrisburg Downtown Improvement District Inc

Analysis

Harrisburg Downtown Improvement District Inc is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in July 2006, 20 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, Harrisburg Downtown Improvement District Inc reported income of $720k and spending of $717k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $746k to $720k (-3.5%), an average of -0.9% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Harrisburg Downtown Improvement District Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Joffa ($720k), Sherman County Economic Development Inc ($721k) and Rockford Area Convention & Visitors Bureau Charitable Foundation ($719k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $95k (13% of expenses). Other salaries and wages came to $94k. At year end it held assets of $547k against liabilities of $87k, net assets of $460k. It reported 3 employees.