Downtown Lima Inc

Analysis

Downtown Lima Inc is a registered charity in United States, based in Lima, OH. It received its IRS tax-exemption ruling in April 1999, 27 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, Downtown Lima Inc reported income of $160k and spending of $144k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $161k to $160k (-1.0%), an average of -1.0% a year. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Downtown Lima Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within OH. Charities of a similar size with the same main cause include McClaskey Excellence Foundation ($160k), The Junior League of Dekalb County Inc ($160k) and The Greater Beloit Economic Development Corporation ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 26% of the total. At year end it held assets of $221k against liabilities of $4,626, net assets of $217k.